China Eastern Airlines Corporation Limited (CEA)’s Stock Is Buy After Reaching 52-Week High

January 15, 2018 - By sdfsdfsdf

The stock of China Eastern Airlines Corporation Limited (NYSE:CEA) hit a new 52-week high and has $43.23 target or 3.00 % above today’s $41.97 share price. The 7 months bullish chart indicates low risk for the $17.81B company. The 1-year high was reported on Jan, 15 by Barchart.com. If the $43.23 price target is reached, the company will be worth $534.21 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 5.19% or $2.07 during the last trading session, reaching $41.97. About 25,666 shares traded or 64.85% up from the average. China Eastern Airlines Corporation Limited (NYSE:CEA) has risen 6.69% since January 15, 2017 and is uptrending. It has underperformed by 10.01% the S&P500.

China Eastern Airlines Corporation Limited (NYSE:CEA) Ratings Coverage

Among 2 analysts covering China Eastern Airlines (NYSE:CEA), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. China Eastern Airlines had 2 analyst reports since September 9, 2015 according to SRatingsIntel. On Wednesday, September 9 the stock rating was upgraded by JP Morgan to “Overweight”. Goldman Sachs initiated China Eastern Airlines Corporation Limited (NYSE:CEA) on Wednesday, April 6 with “Buy” rating.

More notable recent China Eastern Airlines Corporation Limited (NYSE:CEA) news were published by: Benzinga.com which released: “22 Stocks Moving In Monday’s Pre-Market Session” on January 08, 2018, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: China Eastern Airlines, China Southern …” published on June 26, 2015, Benzinga.com published: “22 Stocks Moving In Friday’s Pre-Market Session” on January 12, 2018. More interesting news about China Eastern Airlines Corporation Limited (NYSE:CEA) were released by: Marketwatch.com and their article: “China Eastern Airlines Corp. Ltd. ADR” published on March 26, 2011 as well as Marketwatch.com‘s news article titled: “China Southern Airlines Co. Ltd. ADR” with publication date: December 21, 2009.

China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry. The company has market cap of $17.81 billion. It offers passenger, cargo, mail delivery, ground, cargo handling, tour activities and other extended transportation services. It has a 13.76 P/E ratio. The firm also provides flight training, cargo carriage, cargo logistics, and airlines consultation and maintenance services.

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