Wizz Air Holdings Plc (OTCMKTS:WZZZY) Receives Average Recommendation of “Reduce” from Brokerages

Wizz Air Holdings Plc (OTCMKTS:WZZZY) has been given an average recommendation of “Reduce” by the six research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company.

Several equities analysts have recently issued reports on the company. Morgan Stanley lowered Wizz Air from an “equal weight” rating to an “underweight” rating in a research report on Wednesday. Royal Bank Of Canada downgraded shares of Wizz Air from an “outperform” rating to an “underperform” rating in a research report on Friday, July 10th. Citigroup reaffirmed a “neutral” rating on shares of Wizz Air in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wizz Air in a research note on Monday, June 15th.

Wizz Air Price Performance

Wizz Air stock opened at $3.62 on Wednesday. Wizz Air has a 12 month low of $2.90 and a 12 month high of $5.42. The business’s fifty day simple moving average is $3.74 and its two-hundred day simple moving average is $3.81.

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.