Zacks Research Upgrades Wizz Air (OTCMKTS:WZZZY) to Hold

Wizz Air (OTCMKTS:WZZZY) was upgraded by equities researchers at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wizz Air in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Wizz Air Stock Performance

Shares of OTCMKTS:WZZZY opened at $5.02 on Tuesday. The firm has a 50 day simple moving average of $4.49 and a 200-day simple moving average of $4.26. Wizz Air has a twelve month low of $3.33 and a twelve month high of $7.00.

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.