Controladora Vuela Co Avcn SA CV’s (VLRS) “Sell” Rating Reaffirmed at Zacks Investment Research

Zacks Investment Research reiterated their sell rating on shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) in a research report sent to investors on Saturday morning.

According to Zacks, “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. provides aircraft transportation services. The company offers general cargo shipments, priority shipments of live animals, fresh food and flowers, medicines and perishable foods, express shipments and transportation of human remains after the loss of a loved one. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. is based in Santa Fe, Mexico. “

A number of other brokerages have also commented on VLRS. Barclays set a $15.00 price target on shares of Controladora Vuela Co Avcn SA CV and gave the stock a buy rating in a report on Wednesday, October 11th. Santander lowered shares of Controladora Vuela Co Avcn SA CV from a buy rating to a hold rating in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Controladora Vuela Co Avcn SA CV currently has a consensus rating of Hold and an average price target of $14.92.

Shares of Controladora Vuela Co Avcn SA CV (NYSE VLRS) traded down $0.17 during trading on Friday, reaching $8.15. 917,400 shares of the company’s stock were exchanged, compared to its average volume of 1,034,480. Controladora Vuela Co Avcn SA CV has a 1 year low of $7.93 and a 1 year high of $16.00. The firm has a market capitalization of $712.27, a price-to-earnings ratio of -90.56 and a beta of -0.11.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last issued its earnings results on Wednesday, October 25th. The transportation company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. Controladora Vuela Co Avcn SA CV had a negative net margin of 1.07% and a negative return on equity of 2.76%. The firm had revenue of $362.00 million for the quarter, compared to analyst estimates of $409.00 million. equities research analysts forecast that Controladora Vuela Co Avcn SA CV will post -0.46 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Controladora Vuela Co Avcn SA CV during the third quarter worth $154,000. Citadel Advisors LLC acquired a new position in shares of Controladora Vuela Co Avcn SA CV during the third quarter worth $174,000. Royal Bank of Canada lifted its holdings in shares of Controladora Vuela Co Avcn SA CV by 62.8% during the second quarter. Royal Bank of Canada now owns 14,472 shares of the transportation company’s stock worth $210,000 after purchasing an additional 5,580 shares during the period. Dimension Capital Management LLC acquired a new position in shares of Controladora Vuela Co Avcn SA CV during the third quarter worth $227,000. Finally, Adalta Capital Management LLC acquired a new position in shares of Controladora Vuela Co Avcn SA CV during the second quarter worth $251,000.

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Controladora Vuela Co Avcn SA CV Company Profile

Controladora Vuela Compania de Aviacion SAB de CV is a Mexico-based company engaged in the airline passenger transportation sector. The Company operates as an ultra-low-cost carrier (ULCC). Its activities are divided into two geographical regions: Mexico (national operations), as well as the Unites States and Central America (international operations).

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