Wizz Air Holdings Plc (OTCMKTS:WZZZY) Stock Now Rated “Reduce” by Wall Street Brokerages

Wizz Air Holdings Plc (OTCMKTS:WZZZY) has been given an average recommendation of “Reduce” by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company.

A number of analysts have weighed in on the company. Morgan Stanley cut Wizz Air from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, August 12th. Citigroup restated a “neutral” rating on shares of Wizz Air in a research report on Friday, August 7th. Royal Bank Of Canada lowered shares of Wizz Air from an “outperform” rating to an “underperform” rating in a report on Friday, July 10th. Finally, Barclays reiterated an “overweight” rating on shares of Wizz Air in a report on Monday, September 7th.

Wizz Air Price Performance

Shares of WZZZY stock opened at $3.16 on Monday. Wizz Air has a 1-year low of $2.90 and a 1-year high of $5.42. The company has a 50-day moving average of $3.60 and a two-hundred day moving average of $3.76.

About Wizz Air

Wizz Air Holdings plc, traded in the United States under the symbol WZZZY, is an ultra-low-cost airline group headquartered in Budapest, Hungary. The company was founded in 2003 and began operations in 2004, initially focusing on connecting Central and Eastern European markets with destinations across Europe.

Wizz Air primarily provides scheduled passenger air transportation using an Airbus A320-family fleet. Its low-cost model emphasizes affordable base fares, direct online sales and separately priced optional services, including baggage, seat selection and onboard offerings.

The airline serves a broad network spanning Europe, the United Kingdom, the Middle East and North Africa through operating entities and bases in several countries.