China Eastern Airlines Corp. Ltd. (CEA) Receives Consensus Rating of “Hold” from Brokerages
Shares of China Eastern Airlines Corp. Ltd. (NYSE:CEA) have earned an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company.
CEA has been the topic of a number of analyst reports. ValuEngine cut shares of China Eastern Airlines from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Goldman Sachs Group raised shares of China Eastern Airlines from a “sell” rating to a “neutral” rating in a report on Thursday, July 5th. Daiwa Capital Markets raised shares of China Eastern Airlines from a “hold” rating to a “buy” rating in a report on Friday, August 31st. Zacks Investment Research raised shares of China Eastern Airlines from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 4th. Finally, JPMorgan Chase & Co. raised shares of China Eastern Airlines from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 18th.
Shares of CEA stock opened at $30.07 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 1.50. China Eastern Airlines has a 1 year low of $24.44 and a 1 year high of $45.33. The firm has a market cap of $8.52 billion, a price-to-earnings ratio of 9.22 and a beta of 1.62.
About China Eastern Airlines
China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China and internationally. The company offers passenger, cargo, mail delivery, ground, cargo handling, tour operations, air catering, and other extended transportation services.
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