China Eastern Airlines’ (CEA) “Neutral” Rating Reaffirmed at JPMorgan Chase

China Eastern Airlines (NYSE:CEA)‘s stock had its “neutral” rating restated by equities researchers at JPMorgan Chase in a report released on Wednesday, March 14th, Marketbeat.com reports.

CEA has been the subject of a number of other research reports. Goldman Sachs lowered China Eastern Airlines from a “neutral” rating to a “sell” rating in a research report on Thursday, February 1st. ValuEngine raised shares of China Eastern Airlines from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 17th.

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China Eastern Airlines stock traded down $0.63 during mid-day trading on Wednesday, reaching $35.72. The stock had a trading volume of 43,838 shares, compared to its average volume of 23,476. China Eastern Airlines has a one year low of $24.44 and a one year high of $45.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.25 and a quick ratio of 0.22. The stock has a market cap of $10,517.94, a price-to-earnings ratio of 14.40, a PEG ratio of 2.32 and a beta of 1.61.

A number of institutional investors have recently added to or reduced their stakes in CEA. Comerica Bank bought a new position in China Eastern Airlines in the 4th quarter worth approximately $200,000. OLD Mission Capital LLC bought a new position in China Eastern Airlines in the 4th quarter worth approximately $208,000. LPL Financial LLC bought a new position in China Eastern Airlines in the 4th quarter worth approximately $208,000. We Are One Seven LLC bought a new position in China Eastern Airlines in the 4th quarter worth approximately $215,000. Finally, Ameriprise Financial Inc. boosted its stake in China Eastern Airlines by 2.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,688 shares of the transportation company’s stock worth $235,000 after purchasing an additional 155 shares during the period. 0.45% of the stock is owned by institutional investors.

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About China Eastern Airlines

China Eastern Airlines Corporation Limited is a China-based company principally engaged in the provision of airline transportation and extended services. The Company is primarily engaged in the operation of airline passenger, cargo, mail delivery, tour operations and other extended transportation services.

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