China Southern Airlines (NYSE: ZNH), which had been recommended to “hold” by the research analysts at StockNews.com on Tuesday, was given a rating of “sell” instead. This information was included in a research note provided to customers and investors.
HSBC upgraded China Southern Airlines from a “reduce” rating to a “buy” rating in a research note that was published on Friday, December 9th. “Reduce” was the rating that had been given previously. The stock has received a buy rating from two analysts, a hold rating from two other analysts, and a sell rating from two other analysts. Two equity research experts have suggested that the stock be sold. According to data sourced from Bloomberg, the stock is currently recommended to “hold” by most market analysts.
The price of NYSE ZNH dropped by $0.26 throughout trading on Tuesday, and it ended the day at $33.12. Compared to the 13,450 shares typically traded daily, only 3,974 shares of the company’s stock were traded today. The company possesses a price-to-earnings ratio of -3.09, a beta value of 0.97, and a market capitalization of $11.23 billion. Moving averages for the stock over the past 50 and 200 days come in at $29.60 and $28, respectively. Compared to the 13,450 shares typically traded daily, 3,974 shares of the company’s stock were traded today. The company possesses a price-to-earnings ratio of -3.09, a beta value of 0.97, and a market capitalization of $11.23 billion. The stock price has achieved an average of $29.60 over the past 50 days and $28 over the last 200 days. All of the liquidity ratios, including the current ratio, the quick ratio, and the debt-to-equity ratio, are equal to 0.23. Both the current ratio and the quick ratio are equal to 0.25. The current ratio is currently at 0.25. During the previous twelve months, the share price of China Southern Airlines reached a low of $23.50 and a high of $35.15.
In a report made available to the general public on October 31st, China Southern Airlines (NYSE: ZNH) shared its results with the public. Earnings per share came in at $2.83 for the transportation company during the period covered by the report that was made public on October 31st. Earnings per share came to $2.83 for the transportation company during the period covered by the report. The company’s revenue for the time above period was calculated to be $4.29 billion. In their financial statements, China Southern Airlines revealed a negative return on equity of 32.43% and a negative net margin of 25.74%. According to projections made by sell-side analysts, a loss of $9.09 per share is anticipated for China Southern Airlines in 2018.
Recently, there has been significant buying and selling activity in ZNH stock on the part of various hedge funds. During the second quarter, US Bancorp DE achieved a 55.4% increase in its ownership stake in China Southern Airlines. US Bancorp DE now has a total of 2,155 shares of the transportation company’s stock, which are currently valued at $62,000 after purchasing an additional 768 shares during the period in question. These shares were purchased during the period in question. During the third quarter, Addison Advisors LLC spent approximately $65,000 to purchase additional shares of China Southern Airlines to boost its existing holdings in the company. During the second quarter of the fiscal year, UBS Group AG increased the percentage of China Southern Airlines in which it was invested by 335.6 percent. UBS Group AG now has 3,107 shares of the transportation company’s stock, currently valued at $90,000. This follows the acquisition of an additional 2,394 shares during the most recent quarter of the company’s fiscal year. During the third quarter, Signaturefd LLC successfully elevated the percentage of China Southern Airlines stock it owns by 11.6%. Signaturefd LLC now has a total of 4,504 shares of the transportation company’s stock after purchasing an additional 469 shares during the most recent quarter. The stock is currently valued at $120,000, and Signaturefd LLC has 4,504 shares.
Last but not least, during the third quarter, Quadrant Capital Group LLC increased the amount of China Southern Airlines stock owned by 68.3%. This certainly should not be considered the least important item. After purchasing an additional 1,985 shares during the most recent quarter, Quadrant Capital Group LLC now has 4,891 shares of the transportation company’s stock, which is currently valued at $130,000. This is because Quadrant Capital Group LLC is a shareholder in the company. At the moment, institutional investors have 0.20 percent of the total number of shares in the company.
The China Southern Airlines Company Limited flies domestically and internationally, offering service to several locations, including Hong Kong, Macau, and Taiwan. The company’s overall operation is broken down into two distinct divisions: “other segments” and “airline transportation operations.” In addition to its other extended transportation services, it offers services for the transportation of passengers and cargo, as well as the delivery of mail.