Azul (NYSE:AZUL) Sees Large Volume Increase – Still a Buy?

Shares of Azul (NYSE:AZUL) saw strong trading volume on Friday. Approximately 2,998,868 shares changed hands during mid-day trading, an increase of 1,419% from the average daily volume of 197,402 shares. The stock last traded at $4.3240 and had previously closed at $4.40.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AZUL. Zacks Research raised shares of Azul from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Weiss Ratings lowered Azul from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, October 27th. BWS Financial reissued a “buy” rating and set a $20.00 price objective on shares of Azul in a research report on Monday, September 21st. Wall Street Zen upgraded Azul from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.03.

Azul Stock Performance

The stock has a 50-day simple moving average of $6.34.

Azul Company Profile

Azul SA, through its principal subsidiary Azul Linhas Aéreas Brasileiras SA, is a Brazilian airline that provides scheduled passenger air transportation and air cargo services. The company serves business and leisure travelers, offering flights across Brazil and to selected international destinations.

Azul operates a broad domestic network connecting major Brazilian cities with regional communities. Its international service includes destinations in South America, the United States and Europe, with routes and schedules subject to change.