China Southern Airlines (NYSE:ZNH) Lowered to “Hold” at HSBC

HSBC downgraded shares of China Southern Airlines (NYSE:ZNHGet Rating) from a buy rating to a hold rating in a research note published on Tuesday morning, Marketbeat Ratings reports.

Several other analysts have also recently commented on ZNH. Jefferies Financial Group cut China Southern Airlines from a hold rating to an underperform rating in a research report on Thursday, June 16th. StockNews.com raised China Southern Airlines from a sell rating to a hold rating in a research note on Thursday, September 1st. Finally, Daiwa Capital Markets raised China Southern Airlines from a hold rating to a buy rating in a research note on Monday, June 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold.

China Southern Airlines Stock Up 0.0 %

Shares of ZNH opened at $26.83 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.28 and a current ratio of 0.30. China Southern Airlines has a one year low of $23.50 and a one year high of $35.15. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of -3.08 and a beta of 1.07. The stock has a 50 day moving average price of $27.14 and a 200 day moving average price of $27.39.

Institutional Investors Weigh In On China Southern Airlines

Large investors have recently bought and sold shares of the stock. Capricorn Fund Managers Ltd purchased a new stake in China Southern Airlines during the 1st quarter worth about $212,000. Farmer Steven Patrick purchased a new position in shares of China Southern Airlines in the 2nd quarter valued at about $285,000. Signaturefd LLC increased its holdings in shares of China Southern Airlines by 79.5% in the 1st quarter. Signaturefd LLC now owns 8,803 shares of the transportation company’s stock valued at $255,000 after acquiring an additional 3,900 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of China Southern Airlines by 22.6% in the 2nd quarter. Bank of Montreal Can now owns 41,200 shares of the transportation company’s stock valued at $1,177,000 after acquiring an additional 7,599 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in shares of China Southern Airlines in the 2nd quarter valued at about $283,000. Hedge funds and other institutional investors own 0.25% of the company’s stock.

About China Southern Airlines

(Get Rating)

China Southern Airlines Company Limited offers airline transportation services in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company operates in two segments, Airline Transportation Operations and Other Segments. It offers passenger, cargo, mail delivery, and other extended transportation services.

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