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

Shares of Wizz Air Holdings Plc (OTCMKTS:WZZZY) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Several analysts have weighed in on the company. Zacks Research raised Wizz Air to a “hold” rating in a research note on Tuesday, February 3rd. Sanford C. Bernstein downgraded Wizz Air from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Citigroup raised Wizz Air from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th.

Wizz Air Price Performance

Shares of Wizz Air stock opened at $3.30 on Wednesday. The business’s fifty day moving average price is $3.22 and its two-hundred day moving average price is $3.93. Wizz Air has a 1-year low of $2.90 and a 1-year high of $7.00.

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.