China Eastern Airlines (NYSE:CEA) Rating Cut
China Eastern Airlines (NYSE:CEA) was cut by Goldman Sachs from Buy rating to Neutral rating in analysts note published on Monday, 6 March.
The company’s rating downgrade was noticed by equity traders, as NYSE:CEA is currently trading -2.01% lower at $26.29 as of 8:08 AM New York time. China Eastern Airlines shares have [From2] 0% in the past 200 days, while the S&P500 Index has risen 16.41% in the same time period.
China Eastern Airlines (NYSE:CEA) Profile
China Eastern Airlines Corporation Limited is an air carrier. The Company and its subsidiaries are engaged in the operation of civil aviation, including the provision of passenger, cargo, mail delivery, tour operations and other extended transportation services. The Company operates through the airline transportation operations segment.
China Eastern Airlines (NYSE:CEA) traded down -2.01% on 6 March, hitting $26.29. A total of 18,055 shares of the company’s stock traded hands. This is up from average of 16,178 shares. China Eastern Airlines has a 52 week low of $21.38 and a 52 week high of $31.59. The company has a market cap of $12.28B and a P/E ratio of 11.29.
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