China Eastern Airlines Co. Limited (NYSE: CEA) Receives Consensus Rating of “Hold” from Brokerages

Shares of China Eastern Airlines Co. Limited (NYSE: CEA – Get Rating) have earned a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company.

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of China Eastern Airlines from a “hold” rating to a “sell” rating in a research note on Wednesday, June 1st. HSBC upgraded shares of China Eastern Airlines from a “reduce” rating to a “hold” rating in a report on Friday, April 1st. JPMorgan Chase & Co. upgraded shares of China Eastern Airlines from a “neutral” rating to an “overweight” rating in a report on Monday, April 18th. Finally, Jefferies Financial Group lowered shares of China Eastern Airlines from a “hold” rating to an “underperform” rating in a report on Thursday, June 16th.

China Eastern Airlines Trading Down 0.3%

Shares of China Eastern Airlines stock opened at $ 18.18 on Tuesday. The company has a market capitalization of $ 5.96 billion, a price-to-earnings ratio of -2.55 and a beta of 0.97. The company has a quick ratio of 0.26, a current ratio of 0.28 and a debt-to-equity ratio of 2.68. China Eastern Airlines has a 12-month low of $ 15.77 and a 12-month high of $ 21.63. The firm’s 50-day moving average price is $ 17.78 and its two-hundred day moving average price is $ 18.11.

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China Eastern Airlines (NYSE: CEA – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The transportation company reported ($ 3.26) earnings per share (EPS) for the quarter. The firm had revenue of $ 2 billion for the quarter. China Eastern Airlines had a negative return on equity of 31.51% and a negative net margin of 24.49%. On average, analysts forecast that China Eastern Airlines will post -7.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in China Eastern Airlines stock. Bank of America Corp DE lifted its stake in shares of China Eastern Airlines Co. Limited (NYSE: CEA – Get Rating) by 101.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,432 shares of the transportation company’s stock after buying an additional 2,730 shares during the quarter. Bank of America Corp DE’s holdings in China Eastern Airlines were worth $ 92,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.05% of the company’s stock.

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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