China Southern Airlines (ZNH) Stock Rating Lowered by Morgan Stanley
China Southern Airlines (NYSE:ZNH) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday, Marketbeat.com reports.
Several other equities analysts have also commented on ZNH. HSBC raised China Southern Airlines from a “reduce” rating to a “hold” rating in a research report on Thursday, January 17th. JPMorgan Chase & Co. raised China Southern Airlines from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 22nd. ValuEngine lowered China Southern Airlines from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. UBS Group lowered China Southern Airlines from a “neutral” rating to a “sell” rating in a research report on Monday, February 25th. Finally, Zacks Investment Research lowered China Southern Airlines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. China Southern Airlines presently has an average rating of “Hold” and a consensus target price of $55.00.
Shares of China Southern Airlines stock opened at $35.23 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.27 and a current ratio of 0.29. China Southern Airlines has a 12 month low of $25.45 and a 12 month high of $57.27.
China Southern Airlines Company Profile
China Southern Airlines Company Limited provides airlines transportation services in the People's Republic of China and internationally. It operates through two segments, Airline Transportation Operations and Other Segments. The company offers passenger, cargo, mail delivery, and other extended transportation services.
Further Reading: Quiet Period Expirations
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