Wizz Air Holdings Plc (OTCMKTS:WZZZY) Given Average Recommendation of “Reduce” by Brokerages

Wizz Air Holdings Plc (OTCMKTS:WZZZY) has received an average rating of “Reduce” from the six research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wizz Air in a research report on Monday, June 15th. Citigroup reissued a “neutral” rating on shares of Wizz Air in a research report on Friday, August 7th. Royal Bank Of Canada cut Wizz Air from an “outperform” rating to an “underperform” rating in a research note on Friday, July 10th. Finally, Morgan Stanley downgraded shares of Wizz Air from an “equal weight” rating to an “underweight” rating in a report on Wednesday, August 12th.

Wizz Air Price Performance

Shares of WZZZY opened at $3.62 on Wednesday. The stock has a 50 day moving average price of $3.77 and a two-hundred day moving average price of $3.78. Wizz Air has a 52 week low of $2.90 and a 52 week high of $5.42.

Wizz Air Company Profile

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.