Qantas Airways Limited (OTCMKTS:QABSY – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $31.34 and traded as high as $32.73. Qantas Airways shares last traded at $32.39, with a volume of 29,786 shares traded.
Analyst Ratings Changes
Separately, Zacks Research lowered shares of Qantas Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.
Check Out Our Latest Analysis on Qantas Airways
Qantas Airways Stock Up 4.2%
The firm has a fifty day simple moving average of $31.34 and a 200 day simple moving average of $33.16.
Qantas Airways Company Profile
Qantas Airways Limited is Australia’s national airline and one of the country’s largest aviation groups. Founded in 1920, the company operates scheduled passenger services under the Qantas brand, connecting Australian cities with destinations across New Zealand, Asia, Europe, North America and the Pacific. Its domestic and international operations serve business and leisure travelers through a network of regular flights.
The Qantas Group also operates Jetstar, a low-cost airline serving Australia and selected international markets.
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