Wizz Air Holdings Plc (OTCMKTS:WZZZY) Given Average Rating of “Hold” by Brokerages

Wizz Air Holdings Plc (OTCMKTS:WZZZY) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company.

WZZZY has been the topic of a number of research reports. Citigroup raised Wizz Air from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. Zacks Research raised Wizz Air to a “hold” rating in a research note on Tuesday, February 3rd. Finally, Sanford C. Bernstein downgraded Wizz Air from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th.

Wizz Air Price Performance

WZZZY opened at $3.30 on Wednesday. Wizz Air has a one year low of $2.90 and a one year high of $7.00. The stock’s fifty day moving average is $3.22 and its 200-day moving average is $3.93.

About Wizz Air

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.