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

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

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

Wizz Air Price Performance

WZZZY opened at $3.81 on Thursday. Wizz Air has a 1 year low of $2.90 and a 1 year high of $5.42. The firm’s fifty day moving average price is $3.60 and its two-hundred day moving average price is $3.50.

About Wizz Air

Wizz Air is a European ultra-low-cost airline group headquartered in Budapest, Hungary. Founded in 2003 and operating its first flight in 2004, the company focuses on providing affordable scheduled air transportation through a low-cost business model.

The group operates a primarily Airbus fleet and offers flights across a network connecting cities in Europe with destinations in the Middle East and North Africa. Its services include scheduled passenger flights, while ancillary offerings such as baggage, seat selection, onboard products and other travel-related services support its business model.

Wizz Air operates through airline entities including Wizz Air Hungary, Wizz Air UK and Wizz Air Malta, with bases in several European countries.