StockNews.com Begins Coverage on China Southern Airlines (NYSE:ZNH)

Equities researchers at StockNews.com initiated coverage on shares of China Southern Airlines (NYSE:ZNH – Get Rating) in a report issued on Wednesday. The brokerage set a “sell” rating on the transportation company’s stock.

Separately, HSBC upgraded China Southern Airlines from a “reduce” rating to a “buy” rating in a research report on Friday, December 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

China Southern Airlines Stock Performance

The company has a 50 day moving average of $33.57 and a 200-day moving average of $29.48. China Southern Airlines has a 52-week low of $23.50 and a 52-week high of $36.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.23 and a current ratio of 0.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Veriti Management LLC lifted its stake in shares of China Southern Airlines by 34.0% in the 3rd quarter. Veriti Management LLC now owns 19,538 shares of the transportation company’s stock valued at $520,000 after purchasing an additional 4,953 shares during the period. Cerity Partners LLC acquired a new position in China Southern Airlines during the 2nd quarter worth approximately $283,000. Bank of Montreal Can raised its stake in China Southern Airlines by 22.6% during the 2nd quarter. Bank of Montreal Can now owns 41,200 shares of the transportation company’s stock worth $1,177,000 after buying an additional 7,599 shares during the period. US Bancorp DE raised its stake in China Southern Airlines by 55.4% during the 2nd quarter. US Bancorp DE now owns 2,155 shares of the transportation company’s stock worth $62,000 after buying an additional 768 shares during the period. Finally, OLD Mission Capital LLC raised its stake in China Southern Airlines by 97.2% during the 2nd quarter. OLD Mission Capital LLC now owns 56,667 shares of the transportation company’s stock worth $1,639,000 after buying an additional 27,925 shares during the period. 0.20% of the stock is owned by institutional investors and hedge funds.

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.