Azul (NYSE:AZUL) Stock Rating Cut to “Sell” at Wall Street Zen

Azul (NYSE:AZUL) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other equities analysts have also issued research reports about the company. Weiss Ratings lowered Azul from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, October 27th. Deutsche Bank assumed coverage on shares of Azul in a report on Wednesday, September 9th. They set a “buy” rating and a $11.00 target price on the stock. Zacks Research raised shares of Azul from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. BWS Financial reiterated a “buy” rating and issued a $20.00 price target on shares of Azul in a research note on Monday, September 21st. Finally, The Goldman Sachs Group began coverage on shares of Azul in a research report on Monday, October 19th. They set a “neutral” rating and a $8.10 price target for the company. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.03.

Azul Trading Down 9.9%

Shares of Azul stock opened at $4.50 on Friday. The firm’s fifty day moving average is $6.09. Azul has a 12-month low of $3.35 and a 12-month high of $495.00.

Azul Company Profile

Azul S.A. is a Brazilian airline that provides passenger air transportation on domestic and international routes. Its network connects cities across Brazil, including regional destinations, with services to select locations abroad. Founded in 2008, Azul has developed a broad domestic network and offers travel-related services alongside its flights. Its businesses include Azul Cargo Express, which provides air cargo and logistics services, and Azul Viagens, which sells travel packages.