China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) Upgraded to Buy by UBS Group

UBS Group upgraded shares of China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) from a neutral rating to a buy rating in a research note published on Monday morning, The Fly reports.

Several other equities analysts have also weighed in on the company. Goldman Sachs Group lowered EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research note on Wednesday, July 10th. ValuEngine lowered Yara International ASA from a hold rating to a sell rating in a research note on Wednesday, March 27th. Credit Suisse Group lowered Air China from a neutral rating to an underperform rating in a research note on Monday, June 10th. Finally, Zacks Investment Research raised DLH from a sell rating to a hold rating in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $33.00.

NYSE CEA opened at $29.19 on Monday. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 0.35 and a beta of 1.61. China Eastern Airlines Corp. Ltd. ADR Class H has a 1-year low of $25.68 and a 1-year high of $42.50. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 2.02. The company has a 50-day moving average price of $28.76.

China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) last released its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.99 earnings per share for the quarter. The business had revenue of $4.45 billion for the quarter. China Eastern Airlines Corp. Ltd. ADR Class H had a return on equity of 4.32% and a net margin of 2.31%. On average, equities analysts expect that China Eastern Airlines Corp. Ltd. ADR Class H will post 3.32 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Capital Group LLC raised its holdings in shares of China Eastern Airlines Corp. Ltd. ADR Class H by 52.0% during the 1st quarter. Private Capital Group LLC now owns 2,267 shares of the transportation company’s stock valued at $78,000 after buying an additional 776 shares during the period. Jane Street Group LLC raised its holdings in shares of China Eastern Airlines Corp. Ltd. ADR Class H by 76.4% during the 4th quarter. Jane Street Group LLC now owns 26,109 shares of the transportation company’s stock valued at $715,000 after buying an additional 11,309 shares during the period. Finally, Comerica Bank purchased a new stake in shares of China Eastern Airlines Corp. Ltd. ADR Class H during the 1st quarter valued at about $274,000. 0.08% of the stock is currently owned by institutional investors and hedge funds.

China Eastern Airlines Corp. Ltd. ADR Class H Company Profile

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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Analyst Recommendations for China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA)

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