Localiza Rent a Car (OTCMKTS:LZRFY) Raised to Strong-Buy at Zacks Research

Localiza Rent a Car (OTCMKTS:LZRFYGet Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Localiza Rent a Car Stock Performance

Shares of LZRFY opened at $7.01 on Thursday. Localiza Rent a Car has a 52-week low of $5.98 and a 52-week high of $11.76. The business has a fifty day moving average of $8.82 and a 200 day moving average of $9.03.

Localiza Rent a Car (OTCMKTS:LZRFYGet Free Report) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.37 billion.

Localiza Rent a Car Company Profile

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Localiza Rent a Car (OTCMKTS:LZRFY) is a leading mobility solutions provider headquartered in Belo Horizonte, Brazil. Founded in 1973, the company has built a strong reputation in the car rental industry, offering a broad range of services to both leisure and corporate customers. Over the decades, Localiza has expanded its footprint to become one of Latin America’s largest car rental and fleet management operators.

The company’s core activities include short- and long-term vehicle rentals, fleet management services and the sale of used vehicles.

Further Reading

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