Wizz Air Holdings Plc (OTCMKTS:WZZZY) Receives Consensus Rating of “Reduce” from Analysts

Shares of Wizz Air Holdings Plc (OTCMKTS:WZZZY) have received a consensus rating of “Reduce” from the seven research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company.

WZZZY has been the topic of a number of recent research reports. Morgan Stanley lowered Wizz Air from an “equal weight” rating to an “underweight” rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wizz Air in a research report on Monday, June 15th. Royal Bank Of Canada cut Wizz Air from an “outperform” rating to an “underperform” rating in a research note on Friday, July 10th. Barclays reaffirmed an “overweight” rating on shares of Wizz Air in a report on Monday, September 7th. Finally, Citigroup reiterated a “neutral” rating on shares of Wizz Air in a research note on Friday, August 7th.

Wizz Air Stock Performance

OTCMKTS WZZZY opened at $3.81 on Thursday. Wizz Air has a 52 week low of $2.90 and a 52 week high of $5.42. The business has a 50 day moving average price of $3.61 and a 200-day moving average price of $3.52.

About Wizz Air

Wizz Air is a European ultra-low-cost airline group headquartered in Budapest, Hungary. Founded in 2003 and operating its first flight in 2004, the company focuses on providing affordable scheduled air transportation through a low-cost business model.

The group operates a primarily Airbus fleet and offers flights across a network connecting cities in Europe with destinations in the Middle East and North Africa. Its services include scheduled passenger flights, while ancillary offerings such as baggage, seat selection, onboard products and other travel-related services support its business model.

Wizz Air operates through airline entities including Wizz Air Hungary, Wizz Air UK and Wizz Air Malta, with bases in several European countries.