Wizz Air (OTCMKTS:WZZZY) Trading 22% Higher – Still a Buy?

Wizz Air Holdings Plc (OTCMKTS:WZZZY)’s stock price traded up 22% on Friday . The stock traded as high as $3.66 and last traded at $3.66. 1,100 shares changed hands during trading, an increase of 56% from the average session volume of 707 shares. The stock had previously closed at $3.00.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup upgraded Wizz Air from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Sanford C. Bernstein downgraded Wizz Air from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Zacks Research upgraded Wizz Air to a “hold” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Wizz Air has a consensus rating of “Hold”.

Wizz Air Trading Up 22.0%

The stock has a 50 day moving average price of $3.26 and a two-hundred day moving average price of $3.92.

About Wizz Air

Wizz Air Holdings plc, trading on the OTC market under the symbol WZZZY, is a Hungary-based low-cost airline group headquartered in Budapest. The company provides scheduled passenger air transportation using a single-aisle Airbus fleet, operating under a no-frills model that offers basic fares with optional ancillary services. Wizz Air focuses on cost-efficient operations through high aircraft utilization, direct sales channels and streamlined ground handling processes.

The airline operates a fleet composed primarily of Airbus A320 and A321 aircraft, serving more than 170 destinations across Central, Eastern and Western Europe, as well as select markets in the Middle East and North Africa.