Localiza Rent a Car (OTCMKTS:LZRFY – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.
Localiza Rent a Car Trading Down 12.4%
Shares of LZRFY opened at $7.01 on Thursday. Localiza Rent a Car has a one year low of $5.98 and a one year high of $11.76. The stock has a 50 day moving average price of $8.82 and a 200 day moving average price of $9.03.
Localiza Rent a Car (OTCMKTS:LZRFY – Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.37 billion.
About Localiza Rent a Car
Localiza Rent a Car (OTCMKTS:LZRFY) is a leading mobility solutions provider headquartered in Belo Horizonte, Brazil. Founded in 1973, the company has built a strong reputation in the car rental industry, offering a broad range of services to both leisure and corporate customers. Over the decades, Localiza has expanded its footprint to become one of Latin America’s largest car rental and fleet management operators.
The company’s core activities include short- and long-term vehicle rentals, fleet management services and the sale of used vehicles.
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