Azul (NYSE:AZUL) Upgraded by Zacks Research to Strong Sell Rating

Azul (NYSE:AZUL) was upgraded by equities researchers at Zacks Research to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

AZUL has been the topic of several other research reports. Weiss Ratings started coverage on shares of Azul in a report on Friday, July 10th. They issued a “sell (d)” rating on the stock. BWS Financial reissued a “buy” rating and set a $20.00 price objective on shares of Azul in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Azul presently has a consensus rating of “Reduce” and a consensus target price of $20.00.

Azul Trading Down 2.6%

NYSE AZUL opened at $8.32 on Wednesday. Azul has a 1 year low of $3.90 and a 1 year high of $495.00.

Azul SA is a Brazilian airline that provides passenger and cargo air transportation services. The company operates a broad domestic network within Brazil and also serves select international destinations in South America, North America, and Europe. Its business includes scheduled flights, charter services, and cargo operations, supported by a fleet designed to connect major urban centers as well as smaller regional markets.

Founded in 2008, Azul grew rapidly by focusing on underserved routes in Brazil and offering a wide range of travel options for leisure and business customers.