Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) from a strong sell rating to a hold rating in a research note issued to investors on Thursday.

According to Zacks, “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. provides aircraft transportation services. The company offers general cargo shipments, priority shipments of live animals, fresh food and flowers, medicines and perishable foods, express shipments and transportation of human remains after the loss of a loved one. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. is based in Santa Fe, Mexico. “

Other research analysts have also issued research reports about the company. BidaskClub lowered Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a hold rating to a sell rating in a research report on Monday, July 31st. Imperial Capital assumed coverage on Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in a research report on Thursday, June 29th. They set an outperform rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $16.25.

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) opened at 11.80 on Thursday. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 196.67 and a beta of -0.01. The company has a 50-day moving average price of $12.35 and a 200-day moving average price of $13.50. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12 month low of $11.33 and a 12 month high of $20.03.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) last released its quarterly earnings results on Friday, July 21st. The transportation company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.21). The firm had revenue of $334.00 million for the quarter, compared to analyst estimates of $316.00 million. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. had a negative return on equity of 0.39% and a negative net margin of 0.15%. On average, analysts expect that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post ($0.39) EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) Stock Rating Upgraded by Zacks Investment Research” was published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://transcriptdaily.com/2017/10/09/controladora-vuela-compania-de-aviacion-s-a-b-de-c-v-vlrs-stock-rating-upgraded-by-zacks-investment-research.html.

Several hedge funds have recently made changes to their positions in the business. INCA Investments LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in the 2nd quarter valued at approximately $72,108,000. Discovery Capital Management LLC CT grew its stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 0.3% in the 2nd quarter. Discovery Capital Management LLC CT now owns 3,553,785 shares of the transportation company’s stock valued at $51,708,000 after purchasing an additional 11,600 shares during the last quarter. Frontier Capital Management Co. LLC grew its stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 0.6% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,643,372 shares of the transportation company’s stock valued at $38,461,000 after purchasing an additional 16,107 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 31.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,411,879 shares of the transportation company’s stock valued at $20,541,000 after purchasing an additional 336,399 shares during the last quarter. Finally, Renaissance Group LLC grew its stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 8.5% in the 2nd quarter. Renaissance Group LLC now owns 979,471 shares of the transportation company’s stock valued at $14,251,000 after purchasing an additional 76,949 shares during the last quarter.

About Controladora Vuela Compania de Aviacion, S.A.B. de C.V.

Controladora Vuela Compania de Aviacion SAB de CV is a Mexico-based company engaged in the airline passenger transportation sector. The Company operates as an ultra-low-cost carrier (ULCC). Its activities are divided into two geographical regions: Mexico (national operations), as well as the Unites States and Central America (international operations).

Get a free copy of the Zacks research report on Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

Receive News & Ratings for Controladora Vuela Compania de Aviacion S.A.B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Controladora Vuela Compania de Aviacion S.A.B. de C.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply