Azul (NYSE:AZUL) Upgraded at Wall Street Zen

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

A number of other brokerages have also recently issued reports on AZUL. BWS Financial restated a “buy” rating and issued a $20.00 target price on shares of Azul in a report on Monday, September 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Azul in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft began coverage on Azul in a report on Wednesday, September 9th. They set a “buy” rating and a $11.00 target price for the company. The Goldman Sachs Group started coverage on Azul in a research report on Monday, October 19th. They issued a “neutral” rating and a $8.10 price target for the company. Finally, Zacks Research raised Azul from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.03.

Azul Trading Down 32.4%

NYSE AZUL opened at $4.07 on Friday. Azul has a 1 year low of $3.90 and a 1 year high of $495.00. The firm has a fifty day moving average of $7.05.

Azul Company Profile

Azul SA, through its principal subsidiary Azul Linhas Aéreas Brasileiras SA, is a Brazilian airline that provides scheduled passenger air transportation and air cargo services. The company serves business and leisure travelers, offering flights across Brazil and to selected international destinations.

Azul operates a broad domestic network connecting major Brazilian cities with regional communities. Its international service includes destinations in South America, the United States and Europe, with routes and schedules subject to change.