Air China (OTCMKTS:AICAF) Downgraded to “Reduce” at HSBC

HSBC lowered shares of Air China (OTCMKTS:AICAFGet Rating) from a hold rating to a reduce rating in a research report sent to investors on Tuesday morning, The Fly reports.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of Air China from a neutral rating to an overweight rating in a report on Wednesday, September 7th. Jefferies Financial Group cut shares of Air China from a hold rating to an underperform rating in a report on Thursday, June 16th.

Air China Price Performance

Shares of AICAF opened at $0.77 on Tuesday. Air China has a 12 month low of $0.61 and a 12 month high of $0.88. The firm’s 50 day moving average is $0.79 and its 200-day moving average is $0.73.

Air China Company Profile

(Get Rating)

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, Europe, North America, Japan, Korea, the Asia Pacific, and internationally. The company operates through Airline Operations and Other Operations segments.

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