Azul (NYSE:AZUL) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Azul (NYSE:AZUL) saw unusually-strong trading volume on Thursday . Approximately 546,546 shares traded hands during trading, an increase of 286% from the previous session’s volume of 141,592 shares.The stock last traded at $6.62 and had previously closed at $6.57.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AZUL shares. Zacks Research upgraded Azul to a “strong sell” rating in a report on Wednesday, July 22nd. Wall Street Zen lowered Azul from a “hold” rating to a “sell” rating in a research note on Tuesday, September 8th. Weiss Ratings started coverage on Azul in a research report on Friday, July 10th. They set a “sell (d)” rating for the company. BWS Financial reissued a “buy” rating and set a $20.00 target price on shares of Azul in a research note on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $15.50.

Azul Trading Down 4.1%

The business’s 50-day moving average price is $7.91.

About Azul

Azul SA is a Brazilian airline that provides scheduled passenger air transportation and related services. Founded in 2008 by entrepreneur David Neeleman, the company was established to expand air connectivity in Brazil, including service to cities that have historically had limited access to commercial aviation.

Azul operates domestic flights throughout Brazil and serves selected international destinations in North and South America and Europe. Its operations include passenger travel, air cargo through Azul Cargo Express, and vacation and travel packages offered through Azul Viagens.