Localiza Rent a Car (OTCMKTS:LZRFY) Rating Lowered to Strong Sell at Zacks Research

Localiza Rent a Car (OTCMKTS:LZRFY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Localiza Rent a Car Stock Up 1.5%

LZRFY stock opened at $7.28 on Tuesday. The stock’s 50 day simple moving average is $8.01 and its 200 day simple moving average is $8.89. Localiza Rent a Car has a 12-month low of $5.98 and a 12-month high of $11.76.

Localiza Rent a Car (OTCMKTS:LZRFY) last posted its earnings results on Thursday, May 21st. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.37 billion.

About Localiza Rent a Car

Localiza Rent a Car (OTCMKTS:LZRFY) is a leading mobility solutions provider headquartered in Belo Horizonte, Brazil. Founded in 1973, the company has built a strong reputation in the car rental industry, offering a broad range of services to both leisure and corporate customers. Over the decades, Localiza has expanded its footprint to become one of Latin America’s largest car rental and fleet management operators.

The company’s core activities include short- and long-term vehicle rentals, fleet management services and the sale of used vehicles.