China Eastern Airlines Co. Limited (NYSE:CEA) Given Average Rating of “Hold” by Analysts

Shares of China Eastern Airlines Co. Limited (NYSE:CEAGet Rating) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company.

Several research analysts have recently commented on CEA shares. Zacks Investment Research upgraded China Eastern Airlines from a “sell” rating to a “hold” rating in a report on Thursday, April 21st. JPMorgan Chase & Co. upgraded China Eastern Airlines from a “neutral” rating to an “overweight” rating in a report on Monday, April 18th. HSBC upgraded China Eastern Airlines from a “reduce” rating to a “hold” rating in a report on Friday, April 1st. Credit Suisse Group downgraded China Eastern Airlines from a “neutral” rating to an “underperform” rating in a research report on Tuesday, March 15th. Finally, Jefferies Financial Group downgraded China Eastern Airlines from a “buy” rating to a “hold” rating in a research report on Wednesday, March 23rd.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CEA. Jane Street Group LLC grew its position in shares of China Eastern Airlines by 12.7% during the third quarter. Jane Street Group LLC now owns 34,148 shares of the transportation company’s stock worth $652,000 after buying an additional 3,844 shares in the last quarter. OLD Mission Capital LLC acquired a new position in shares of China Eastern Airlines during the third quarter worth about $564,000. Finally, Veriti Management LLC acquired a new position in shares of China Eastern Airlines during the first quarter worth about $402,000. 0.05% of the stock is owned by institutional investors.

CEA stock traded up $0.18 during midday trading on Thursday, reaching $16.84. The stock had a trading volume of 100 shares, compared to its average volume of 13,584. The company’s fifty day simple moving average is $16.97 and its 200 day simple moving average is $18.38. The company has a current ratio of 0.28, a quick ratio of 0.26 and a debt-to-equity ratio of 2.68. China Eastern Airlines has a 52-week low of $15.77 and a 52-week high of $23.46.

About China Eastern Airlines (Get Rating)

China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company offers passenger, cargo, mail delivery, ground, tour operations, air catering, and other miscellaneous services.

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Analyst Recommendations for China Eastern Airlines (NYSE:CEA)

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