Azul (NYSE:AZUL) Stock Gets Downgrade from Wall Street Zen

Azul (NYSE:AZUL) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other research analysts have also recently issued reports about the company. Deutsche Bank began coverage on Azul in a research note on Wednesday, September 9th. They set a “buy” rating and a $11.00 price objective on the stock. BWS Financial reissued a “buy” rating and issued a $20.00 target price on shares of Azul in a research note on Monday, September 21st. Weiss Ratings cut Azul from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, October 27th. The Goldman Sachs Group assumed coverage on Azul in a report on Monday, October 19th. They set a “neutral” rating and a $8.10 target price for the company. Finally, Zacks Research upgraded Azul from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.03.

Azul Stock Performance

Shares of NYSE:AZUL opened at $4.50 on Friday. The stock has a fifty day simple moving average of $6.09. Azul has a 52 week low of $3.35 and a 52 week 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.