Zacks Research Upgrades Azul (NYSE:AZUL) to Strong Sell

Azul (NYSE:AZUL) was upgraded by stock analysts at Zacks Research to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

A number of other analysts also recently weighed in on the company. Weiss Ratings initiated coverage on Azul in a research report on Friday, July 10th. They issued a “sell (d)” rating for the company. BWS Financial reiterated a “buy” rating and set a $20.00 price target on shares of Azul in a research report on Friday, July 10th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $20.00.

Azul Price Performance

AZUL opened at $8.32 on Wednesday. Azul has a 12-month low of $3.90 and a 12-month 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.