Azul (NYSE:AZUL – Get Free Report) shares saw unusually-strong trading volume on Thursday. Approximately 594,455 shares were traded during mid-day trading, an increase of 219% from the average daily volume of 186,296 shares. The stock last traded at $3.7510 and had previously closed at $3.77.
Analyst Upgrades and Downgrades
AZUL has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Azul in a report on Monday, October 19th. They set a “neutral” rating and a $8.10 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 target price on the stock. Weiss Ratings downgraded Azul from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. BWS Financial restated a “buy” rating and set a $20.00 price target on shares of Azul in a research report on Monday, September 21st. Finally, Wall Street Zen raised Azul from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.03.
View Our Latest Stock Analysis on Azul
Azul Trading Down 0.8%
The business has a fifty day moving average price of $6.80.
Azul Company Profile
Azul SA, through its principal subsidiary Azul Linhas Aéreas Brasileiras SA, is a Brazilian airline that provides scheduled passenger air transportation and air cargo services. The company serves business and leisure travelers, offering flights across Brazil and to selected international destinations.
Azul operates a broad domestic network connecting major Brazilian cities with regional communities. Its international service includes destinations in South America, the United States and Europe, with routes and schedules subject to change.
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