Azul (NYSE:AZUL) Stock Moved Down to “Sell” by Wall Street Zen

Wall Street Zen downgraded shares of Azul (NYSE:AZUL) from a hold rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts also recently issued reports on AZUL. Deutsche Bank started coverage on shares of Azul in a research report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price objective for the company. 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 restated a “buy” rating and issued a $20.00 target price on shares of Azul in a research note on Monday, September 21st. Weiss Ratings downgraded Azul from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, October 27th. Finally, The Goldman Sachs Group initiated coverage on Azul in a research report on Monday, October 19th. They set a “neutral” rating and a $8.10 price target for the company. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Azul has an average rating of “Hold” and a consensus price target of $13.03.

Azul Price Performance

Shares of AZUL stock traded down $0.49 on Friday, hitting $4.50. The stock had a trading volume of 254,731 shares, compared to its average volume of 555,119. The company’s 50 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.