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

Rating:
Overweight
CEA

China Eastern Airlines Corporation Ltd. (CEA) rated Overweight by JP Morgan

Posted on: Wednesday,  Sep 9, 2015  5:25 PM ET by JP Morgan

China Eastern Airlines Corporation
Ltd. (NYSE: CEA) rated Overweight by JP Morgan.

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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/9/2015 5:25 PM Buy
None
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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