Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. provides aircraft transportation services. The company offers general cargo shipments, priority shipments of live animals, fresh food and flowers, medicines and perishable foods, express shipments and transportation of human remains after the loss of a loved one. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. is based in Santa Fe, Mexico. “

Other equities analysts have also issued research reports about the company. BidaskClub lowered Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Imperial Capital initiated coverage on Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in a research note on Thursday, June 29th. They issued an “outperform” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.25.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) opened at 12.14 on Thursday. The stock’s 50 day moving average price is $12.42 and its 200-day moving average price is $13.52. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 52-week low of $11.33 and a 52-week high of $20.03. The company has a market capitalization of $1.23 billion, a P/E ratio of 202.33 and a beta of -0.01.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) last announced its quarterly earnings results on Friday, July 21st. The transportation company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.21). Controladora Vuela Compania de Aviacion, S.A.B. de C.V. had a negative net margin of 0.15% and a negative return on equity of 0.39%. The business had revenue of $334.00 million during the quarter, compared to analyst estimates of $316.00 million. Analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post ($0.39) earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of VLRS. Atria Investments LLC lifted its stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 4.8% during the 2nd quarter. Atria Investments LLC now owns 11,417 shares of the transportation company’s stock worth $166,000 after acquiring an additional 518 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in the 1st quarter valued at about $171,000. Marshall Wace North America L.P. acquired a new stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in the 1st quarter valued at about $195,000. MARSHALL WACE ASIA Ltd acquired a new stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in the 1st quarter valued at about $195,000. Finally, FNY Partners Fund LP acquired a new stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in the 1st quarter valued at about $195,000.

About Controladora Vuela Compania de Aviacion, S.A.B. de C.V.

Controladora Vuela Compania de Aviacion SAB de CV is a Mexico-based company engaged in the airline passenger transportation sector. The Company operates as an ultra-low-cost carrier (ULCC). Its activities are divided into two geographical regions: Mexico (national operations), as well as the Unites States and Central America (international operations).

Analyst Recommendations for Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

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