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

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

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

Wizz Air Stock Performance

OTCMKTS:WZZZY opened at $3.62 on Friday. The company has a fifty day moving average of $3.68 and a 200 day moving average of $3.54. Wizz Air has a 52 week low of $2.90 and a 52 week high of $5.42.

Wizz Air Company Profile

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.