Qantas Airways (OTCMKTS:QABSY) Shares Gap Down – Here’s Why

by · The Markets Daily

Qantas Airways Limited (OTCMKTS:QABSY – Get Free Report)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $28.8250, but opened at $27.82. Qantas Airways shares last traded at $28.9450, with a volume of 4,389 shares traded.

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. According to data from MarketBeat.com, Qantas Airways currently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on QABSY

Qantas Airways Price Performance

The business has a fifty day moving average price of $32.64 and a 200 day moving average price of $33.15.

About Qantas Airways

(Get Free Report)

Qantas Airways Limited is an Australian aviation company and the country’s national flag carrier. Founded in 1920, the company operates passenger and freight services under the Qantas brand and provides air transportation to domestic and international destinations.

Qantas serves major cities and regional communities across Australia, along with destinations in the Asia-Pacific region, North America, Europe and other international markets. Its operations include scheduled flights, cargo transportation and related travel services.

The company also operates Jetstar, a low-cost airline serving Australia, New Zealand and selected international markets.

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