Localiza Rent a Car (OTCMKTS:LZRFY – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks reports.
Localiza Rent a Car Stock Performance
Localiza Rent a Car stock opened at $9.92 on Wednesday. The firm’s 50 day simple moving average is $7.73 and its 200 day simple moving average is $8.25. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $10.52 billion and a PE ratio of 16.53. Localiza Rent a Car has a 1-year low of $6.10 and a 1-year high of $11.76.
Localiza Rent a Car Company Profile
Localiza Rent a Car SA is a Brazilian mobility company that provides vehicle rental and fleet-management services. Its business serves individual customers, corporate clients and transportation partners through short-term rentals, monthly rental programs and other vehicle-use solutions.
The company also operates in the used-vehicle market through the sale of vehicles removed from its rental fleet. Its services are supported by a broad network of rental locations, including facilities at airports and in urban areas, as well as digital channels for reservations and customer service.
Founded in 1973 and headquartered in Belo Horizonte, Brazil, Localiza expanded its operations across Latin America.
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