Azul (NYSE:AZUL) Stock Lifted to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen upgraded Azul from “Sell” to “Hold,” while Zacks Research also recently raised its rating to “Hold.”
• Analyst sentiment remains mixed, with two Buy, two Hold, and one Sell rating; MarketBeat reports a consensus “Hold” rating and a $13.03 price target.
• Azul shares opened at $5.99, below their 50-day moving average of $7.03, while the Brazilian airline operates domestic and international passenger and cargo services.

Azul (NYSE:AZUL - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other research firms have also commented on AZUL. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Azul in a research note on Tuesday, October 6th. The Goldman Sachs Group assumed coverage on Azul in a research note on Monday. They issued a "neutral" rating and a $8.10 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Azul in a report on Wednesday, September 9th. They issued a "buy" rating and a $11.00 target price on the stock. BWS Financial reiterated a "buy" rating and issued a $20.00 price objective on shares of Azul in a research note on Monday, September 21st. Finally, Zacks Research raised Azul from a "strong sell" rating to a "hold" rating in a research report on Friday, October 16th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Azul presently has a consensus rating of "Hold" and a consensus price target of $13.03.

Azul Price Performance

Shares of NYSE AZUL opened at $5.99 on Friday. The firm has a 50-day simple moving average of $7.03. Azul has a twelve month low of $3.90 and a twelve month high of $495.00.

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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