Zacks Research upgraded shares of Localiza Rent a Car (OTCMKTS:LZRFY – Free Report) from a strong sell rating to a hold rating in a research report report published on Wednesday,Zacks reports.
Localiza Rent a Car Stock Performance
OTCMKTS:LZRFY opened at $9.92 on Wednesday. The stock has a 50 day simple moving average of $7.73 and a 200 day simple moving average of $8.25. The stock has a market cap of $10.52 billion and a P/E ratio of 16.53. Localiza Rent a Car has a 1-year low of $6.10 and a 1-year high of $11.76. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.48.
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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