Wizz Air Holdings Plc (OTCMKTS:WZZZY) Stock Rated “Reduce” by Sell-Side Analysts

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

Several brokerages have commented on WZZZY. Morgan Stanley cut shares of Wizz Air from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, August 12th. Barclays restated an “overweight” rating on shares of Wizz Air in a research note on Monday, September 7th. Citigroup reaffirmed a “neutral” rating on shares of Wizz Air in a report on Friday, August 7th. Finally, Royal Bank Of Canada downgraded shares of Wizz Air from an “outperform” rating to an “underperform” rating in a research note on Friday, July 10th.

Wizz Air Stock Down 12.2%

Shares of WZZZY opened at $3.16 on Monday. Wizz Air has a fifty-two week low of $2.90 and a fifty-two week high of $5.42. The firm’s 50 day moving average price is $3.62 and its 200 day moving average price is $3.78.

Wizz Air Company Profile

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.