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

Wall Street Zen cut shares of Azul (NYSE:AZUL) from a hold rating to a sell rating in a research note released on Tuesday,Wall Street Zen reports.

Other research analysts have also issued research reports about the stock. Weiss Ratings began coverage on shares of Azul in a research note on Friday, July 10th. They issued a “sell (d)” rating on the stock. 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. Finally, Zacks Research upgraded shares of Azul to a “strong sell” rating in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.50.

Azul Price Performance

Shares of NYSE:AZUL opened at $7.04 on Tuesday. Azul has a 1-year low of $3.90 and a 1-year high of $495.00. The stock’s 50-day moving average price is $8.11.

About Azul

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.