Wizz Air Holdings Plc (OTCMKTS:WZZZY) Stock Now Rated “Reduce” by Wall Street Analysts

Wizz Air Holdings Plc (OTCMKTS:WZZZY) has received a consensus recommendation of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company.

A number of research firms recently weighed in on WZZZY. Royal Bank Of Canada lowered shares of Wizz Air from an “outperform” rating to an “underperform” rating in a report on Friday, July 10th. Morgan Stanley downgraded shares of Wizz Air from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, August 12th. Barclays reiterated an “overweight” rating on shares of Wizz Air in a research report on Monday, September 7th. Finally, Citigroup reiterated a “neutral” rating on shares of Wizz Air in a research report on Friday, August 7th.

Wizz Air Stock Performance

Shares of Wizz Air stock opened at $3.16 on Monday. Wizz Air has a twelve month low of $2.90 and a twelve month high of $5.42. The business has a 50-day moving average price of $3.60 and a 200-day moving average price of $3.76.

About Wizz Air

Wizz Air Holdings plc, traded in the United States under the symbol WZZZY, is an ultra-low-cost airline group headquartered in Budapest, Hungary. The company was founded in 2003 and began operations in 2004, initially focusing on connecting Central and Eastern European markets with destinations across Europe.

Wizz Air primarily provides scheduled passenger air transportation using an Airbus A320-family fleet. Its low-cost model emphasizes affordable base fares, direct online sales and separately priced optional services, including baggage, seat selection and onboard offerings.

The airline serves a broad network spanning Europe, the United Kingdom, the Middle East and North Africa through operating entities and bases in several countries.