Azul (NYSE:AZUL) Downgraded to “Sell” Rating by Wall Street Zen

Azul (NYSE:AZUL) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Tuesday, Wall Street Zen reports.

AZUL has been the topic of several other reports. Weiss Ratings assumed coverage on Azul in a report on Friday, July 10th. They issued a “sell (d)” rating on the stock. BWS Financial reiterated a “buy” rating and issued a $20.00 target price 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. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Azul has an average rating of “Reduce” and an average price target of $20.00.

Azul Price Performance

Shares of NYSE AZUL opened at $7.48 on Tuesday. Azul has a 1 year low of $3.90 and a 1 year high of $495.00. The company’s 50-day simple moving average is $8.18.

Azul Company Profile

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.