WestJet Airlines (WJAFF) Downgraded by Wolfe Research to Sell

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Wolfe Research downgraded shares of WestJet Airlines (OTCMKTS:WJAFF) from a market perform rating to a sell rating in a report published on Friday, The Fly reports.

Several other analysts also recently issued reports on the company. Macquarie upgraded WestJet Airlines from an underperform rating to a neutral rating in a research note on Thursday. Paradigm Capital reiterated a hold rating on shares of WestJet Airlines in a research note on Wednesday. Canaccord Genuity reiterated a hold rating on shares of WestJet Airlines in a research note on Wednesday. Cowen reiterated a hold rating on shares of WestJet Airlines in a research note on Monday, December 3rd. Finally, TD Securities reiterated a hold rating on shares of WestJet Airlines in a research note on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold.

Shares of WJAFF traded down $0.47 during trading hours on Friday, hitting $15.08. 800 shares of the company were exchanged, compared to its average volume of 4,229. WestJet Airlines has a 52 week low of $12.97 and a 52 week high of $21.44.

WestJet Airlines Company Profile

WestJet Airlines Ltd. provides scheduled airline services and travel packages. The company offers scheduled flights, as well as cargo and charter services. It also operates WestJet Vacations that provides air, hotel, car, and excursion packages, as well as WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada and the United States.

Further Reading: How is Preferred Stock Different from Common Stock?

The Fly

Analyst Recommendations for WestJet Airlines (OTCMKTS:WJAFF)

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