Zacks Research Upgrades Qantas Airways (OTCMKTS:QABSY) to Hold

Qantas Airways (OTCMKTS:QABSYGet Free Report) was upgraded by Zacks Research to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Qantas Airways Stock Up 1.3%

Shares of Qantas Airways stock opened at $32.31 on Monday. Qantas Airways has a 12 month low of $28.15 and a 12 month high of $41.65. The stock’s fifty day simple moving average is $31.41 and its 200 day simple moving average is $32.98.

About Qantas Airways

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Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. The company provides a broad range of air transport services including scheduled passenger flights, air freight logistics, aircraft maintenance and engineering, and in-flight catering. It also operates a leading loyalty program, Qantas Frequent Flyer, which serves as a cornerstone of its revenue diversification strategy.

Founded in 1920 in Winton, Queensland, Qantas initially served remote outback communities before expanding into a national carrier following World War II.

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