Azul (NYSE:AZUL) Downgraded to Sell Rating by Wall Street Zen

Azul (NYSE:AZUL) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Tuesday, Wall Street Zen reports.

Several other equities research analysts have also recently issued reports on AZUL. Weiss Ratings assumed coverage on shares of Azul in a research report on Friday, July 10th. They set a “sell (d)” rating on the stock. Zacks Research raised shares of Azul to a “strong sell” rating in a report on Wednesday, July 22nd. Finally, BWS Financial reissued a “buy” rating and set a $20.00 price target on shares of Azul in a research note on Monday, August 17th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $20.00.

Azul Price Performance

NYSE AZUL opened at $7.48 on Tuesday. The stock has a 50-day simple moving average of $8.18. Azul has a twelve month low of $3.90 and a twelve month high of $495.00.

Azul Company Profile

Azul SA is a Brazilian airline that provides passenger and cargo air transportation services. The company operates a broad domestic network within Brazil and also serves select international destinations in South America, North America, and Europe. Its business includes scheduled flights, charter services, and cargo operations, supported by a fleet designed to connect major urban centers as well as smaller regional markets.

Founded in 2008, Azul grew rapidly by focusing on underserved routes in Brazil and offering a wide range of travel options for leisure and business customers.