Citigroup (NYSE: C) Analysts Begin Coverage on US Airways Group, Inc. (NYSE: LCC)
December 18th, 2010
Citigroup (NYSE: C) research analysts began coverage for shares of US Airways Group, Inc. (NYSE: LCC) in a research note issued to investors on Wednesday. They set a “hold” rating and a $12.50 price target on the company’s stock. The analysts noted that the move was a result of a valuation call.
US Airways Group, Inc. (NYSE: LCC)’s stock traded down 0.69% on Friday, hitting $10.06. US Airways Group, Inc. has a 52 week range of $4.32 to $12.26. The stock’s 50-day moving average is $11.07 and its 200-day moving average is $9.89. Analysts predict on average that US Airways Group, Inc. will post $-0.40 earnings per share next quarter. The company has a market cap of $1.625 billion and a P/E (price-to-earnings ratio) of 4.69.
About US Airways Group, Inc. (NYSE: LCC)
US Airways, Inc. (US Airways) is engaged in the operation of a network air carrier. The Company provides air transportation for passengers and cargo. US Airways is a wholly owned subsidiary of US Airways Group, Inc. (US Airways Group). US Airways is a member of the Star Alliance, the airline alliance, which has 26 member airlines serving approximately 1,077 destinations in 175 countries as of December 31, 2009. US Airways has hubs in Charlotte, Philadelphia and Phoenix and a focus city at Ronald Reagan Washington National Airport. US Airways offers scheduled passenger service on approximately 3,000 flights daily to approximately 190 communities in the United States, Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America.
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