Wizz Air Holdings Plc (OTCMKTS:WZZZY) Given Average Rating of “Reduce” by Brokerages

Shares of Wizz Air Holdings Plc (OTCMKTS:WZZZY) have been given a consensus rating of “Reduce” by the seven analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company.

A number of analysts have recently weighed in on the stock. Barclays reaffirmed an “overweight” rating on shares of Wizz Air in a research report on Monday, September 7th. Royal Bank Of Canada cut shares of Wizz Air from an “outperform” rating to an “underperform” rating in a research report on Friday, July 10th. Citigroup reissued a “neutral” rating on shares of Wizz Air in a research note on Friday, August 7th. Morgan Stanley downgraded shares of Wizz Air from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wizz Air in a report on Monday, June 15th.

Wizz Air Stock Performance

OTCMKTS WZZZY opened at $3.62 on Friday. Wizz Air has a twelve month low of $2.90 and a twelve month high of $5.42. The stock’s 50 day moving average is $3.67 and its 200 day moving average is $3.54.

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.