Azul (NYSE:AZUL) Upgraded by Zacks Research to “Strong Sell” Rating

Zacks Research upgraded shares of Azul (NYSE:AZULFree Report) to a strong sell rating in a report published on Wednesday morning,Zacks.com reports.

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

View Our Latest Stock Report on Azul

Azul Trading Down 2.6%

Shares of AZUL stock 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.

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