Wizz Air Holdings Plc (OTCMKTS:WZZZY) Receives Consensus Recommendation of “Reduce” from Analysts

Wizz Air Holdings Plc (OTCMKTS:WZZZY) has earned an average rating of “Reduce” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

A number of equities analysts have weighed in on the company. Morgan Stanley lowered Wizz Air from an “equal weight” rating to an “underweight” rating in a research report on Wednesday. Citigroup reaffirmed a “neutral” rating on shares of Wizz Air in a report on Friday. Royal Bank Of Canada lowered shares of Wizz Air from an “outperform” rating to an “underperform” rating in a research note on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wizz Air in a report on Monday, June 15th.

Wizz Air Price Performance

Wizz Air stock opened at $3.62 on Wednesday. Wizz Air has a one year low of $2.90 and a one year high of $5.42. The business’s fifty day moving average is $3.74 and its 200 day moving average is $3.81.

About Wizz Air

Wizz Air Holdings plc, trading on the OTC market under the symbol WZZZY, is a Hungary-based low-cost airline group headquartered in Budapest. The company provides scheduled passenger air transportation using a single-aisle Airbus fleet, operating under a no-frills model that offers basic fares with optional ancillary services. Wizz Air focuses on cost-efficient operations through high aircraft utilization, direct sales channels and streamlined ground handling processes.

The airline operates a fleet composed primarily of Airbus A320 and A321 aircraft, serving more than 170 destinations across Central, Eastern and Western Europe, as well as select markets in the Middle East and North Africa.