China Southern Airlines Company Limited (NYSE:ZNH) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of China Southern Airlines Company Limited (NYSE:ZNH) from a strong-buy rating to a buy rating in a report issued on Wednesday morning.

Separately, Zacks Investment Research cut China Southern Airlines Company Limited from a hold rating to a sell rating in a report on Saturday, May 13th.

Shares of China Southern Airlines Company Limited (ZNH) opened at 40.26 on Wednesday. The company has a market capitalization of $7.80 billion, a PE ratio of 13.65 and a beta of 1.10. The stock’s 50 day moving average price is $38.85 and its 200 day moving average price is $33.08. China Southern Airlines Company Limited has a 12-month low of $25.60 and a 12-month high of $43.35.

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The business also recently declared an annual dividend, which will be paid on Monday, August 7th. Investors of record on Monday, July 3rd will be given a dividend of $0.638 per share. This represents a yield of 1.73%. This is a positive change from China Southern Airlines Company Limited’s previous annual dividend of $0.33. The ex-dividend date of this dividend is Thursday, June 29th.

A number of institutional investors have recently bought and sold shares of the company. UBS Group AG raised its position in China Southern Airlines Company Limited by 37,787.5% in the first quarter. UBS Group AG now owns 3,031 shares of the transportation company’s stock valued at $101,000 after buying an additional 3,023 shares during the last quarter. Bank of Montreal Can bought a new position in China Southern Airlines Company Limited during the first quarter valued at about $162,000. Credit Suisse AG bought a new position in China Southern Airlines Company Limited during the first quarter valued at about $292,000. Karp Capital Management Corp bought a new position in China Southern Airlines Company Limited during the first quarter valued at about $381,000. Finally, Envestnet Asset Management Inc. raised its position in China Southern Airlines Company Limited by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 13,959 shares of the transportation company’s stock valued at $464,000 after buying an additional 566 shares during the last quarter. Institutional investors and hedge funds own 0.48% of the company’s stock.

China Southern Airlines Company Limited Company Profile

China Southern Airlines Company Limited is principally engaged in the operation of civil aviation, including the provision of passenger, cargo, mail delivery and other extended transportation services. The Company operates through two business segments, including Airline Transportation segment and Other segment.

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