CTRIP Could See Possible Deal with Qunar and Allegiant Travel Company Upgraded by Deutsche Bank
Ctrip.com International Ltd. (NASDAQ: CTRP) shares rose higher after Bloomberg News reported that the company is in talks with Baidu Inc.’s travel website Qunar about a possible merger. The two companies are also considering other options, including a partnership. According to the report, these talks are in an early stage and could fall apart without a deal.
Ctrip.com International, Ltd., together with its subsidiaries, provides travel services for hotel accommodations, ticketing services, packaged tours, and corporate travel management in China. It also offers independent leisure travelers bundled packaged-tour products, including group tours, semi-group tours, and private tours or packaged tours with various transportation arrangements, such as cruise, bus, or self-driving. In addition, the company provides integrated transportation and accommodation services; various value-added services, including car rental, insurance, visa services, tour guides, transportation at destinations, and tickets; and supplier management and customer relationship management services.
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Allegiant Travel Company (NASDAQ: ALGT) saw its share price move up after Deutsche Bank upgraded the company to "buy" from "hold," and also set a $130 target price. The firm has also increased its estimates noting better sales trends and cost controls.
Allegiant Travel Company, a leisure travel company, focuses on the provision of travel services and products to residents of small cities in the United States. The company offers scheduled air transportation on limited frequency nonstop flights between small city markets and leisure destinations. As of February 1, 2014, it operated a fleet of 53 MD-80 aircraft, 7 Airbus A320 aircraft, 3 Airbus A319 aircraft, and 6 Boeing 757-200 aircraft provided services on 225 routes to 99 cities. The company also provides air-related services and products in conjunction with air transportation, including use of its call center for purchases, baggage fees, advance seat assignments, travel protection products, change fees, priority boarding, food and beverage purchases on board, and other air-related services.
Get more information on Allegiant Travel Company free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/ALGT
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