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

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

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

Wizz Air Stock Performance

OTCMKTS:WZZZY opened at $3.62 on Friday. Wizz Air has a 12-month low of $2.90 and a 12-month high of $5.42. The stock’s fifty day simple moving average is $3.71 and its 200-day simple moving average is $3.58.

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.