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China Eastern Airlines Corporation Ltd. (CEA) [hlAlert]

Rating:
Buy CEA
up 36.11 %

China Eastern Airlines Corporation Ltd. (CEA) rated Buy by Citigroup

Posted on: Wednesday,  Jan 9, 2013  9:25 AM ET by Citigroup

Citigroup rated Buy China Eastern Airlines Corporation Ltd. (NYSE: CEA) on 01/09/2013, when the stock price was $21.18.
Since then, China Eastern Airlines Corporation Ltd. has gained 36.12% as of 09/09/2015's recent price of $28.83.
If you would have followed this Citigroup's recommendation on CEA, you would have gained 36.11% of your investment in 973 days.

China Eastern Airlines Corporation Limited (China Eastern) is a China-based air carrier. The Company, together with its subsidiaries, is principally engaged in the operation of civil aviation, including the provision of passenger, cargo, and mail delivery and other extended transportation services. The Company is primarily focused in the provision of domestic, regional and international passenger airline services. China Eastern operated approximately 6,090 scheduled flights per week (excluding charter flights), serving a route network that covers 134 cities within China and abroad. During the year ended December 31, 2008, it operated a total of approximately 423 routes. As of December 31, 2008, the Company accounted for approximately 19.3% of the total commercial air traffic handled by Chinese airlines. The Company operates primarily from Shanghai?s Hongqiao Airport and Pudong International Airport.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/9/2013 9:25 AM Buy
None
21.18
as of 12/13/2013
1 Week down  -4.19 %
1 Month up  13.42 %
3 Months up  11.18 %
1 YTD down  -9.44 %

(*) Stock Price at the time of the recommendation.
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