Qantas Airways (OTCMKTS:QABSY) Shares Gap Up – Here’s What Happened
by Kim Johansen · The Markets DailyShares of Qantas Airways Limited (OTCMKTS:QABSY – Get Free Report) gapped up prior to trading on Tuesday. The stock had previously closed at $30.72, but opened at $32.61. Qantas Airways shares last traded at $32.7299, with a volume of 1,316 shares trading hands.
Wall Street Analyst Weigh In
Separately, Zacks Research cut shares of Qantas Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
View Our Latest Report on QABSY
Qantas Airways Stock Performance
The company has a 50-day moving average of $31.36 and a 200-day moving average of $33.17.
About Qantas Airways
Qantas Airways Limited is Australia’s national airline and one of the country’s largest aviation groups. Founded in 1920, the company operates scheduled passenger services under the Qantas brand, connecting Australian cities with destinations across New Zealand, Asia, Europe, North America and the Pacific. Its domestic and international operations serve business and leisure travelers through a network of regular flights.
The Qantas Group also operates Jetstar, a low-cost airline serving Australia and selected international markets.