Zacks Research upgraded shares of Localiza Rent a Car (OTCMKTS:LZRFY – Free Report) from a hold rating to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.
Localiza Rent a Car Stock Performance
Localiza Rent a Car stock opened at $7.01 on Thursday. Localiza Rent a Car has a 1 year low of $5.98 and a 1 year high of $11.76. The company’s 50-day moving average is $8.82 and its two-hundred day moving average is $9.03.
Localiza Rent a Car (OTCMKTS:LZRFY – Get Free Report) last issued its earnings results on Thursday, May 21st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.37 billion.
Localiza Rent a Car Company Profile
Localiza Rent a Car (OTCMKTS:LZRFY) is a leading mobility solutions provider headquartered in Belo Horizonte, Brazil. Founded in 1973, the company has built a strong reputation in the car rental industry, offering a broad range of services to both leisure and corporate customers. Over the decades, Localiza has expanded its footprint to become one of Latin America’s largest car rental and fleet management operators.
The company’s core activities include short- and long-term vehicle rentals, fleet management services and the sale of used vehicles.
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