Azul SA (AZUL) Upgraded by Zacks Investment Research to Buy

Azul SA (NASDAQ:AZUL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, July 10th. The brokerage currently has a $26.00 price target on the stock. Zacks Investment Research‘s price target points to a potential downside of 2.00% from the company’s previous close.

According to Zacks, “Azul SA is a holding company for the providers of airline passenger and cargo services. Azul SA is headquartered in Barueri, Brazil. “

Several other equities research analysts have also issued reports on AZUL. J P Morgan Chase & Co reissued an “overweight” rating on shares of Azul SA in a research report on Monday, May 8th. Citigroup Inc. assumed coverage on Azul SA in a research report on Tuesday, May 9th. They set a “buy” rating and a $34.00 price target on the stock. Finally, Raymond James Financial, Inc. assumed coverage on Azul SA in a research report on Tuesday, May 9th. They set an “outperform” rating and a $30.00 price target on the stock.

Azul SA (NASDAQ AZUL) traded down 0.75% during trading on Monday, hitting $26.53. 386,149 shares of the company were exchanged. The company’s market capitalization is $2.36 billion. The stock’s 50-day moving average is $23.08 and its 200-day moving average is $22.90. Azul SA has a 12 month low of $19.43 and a 12 month high of $26.96.

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A number of large investors have recently modified their holdings of the company. Sei Investments Co. bought a new stake in shares of Azul SA during the second quarter valued at $101,000. Frontier Capital Management Co. LLC bought a new stake in shares of Azul SA during the second quarter valued at $128,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Azul SA during the second quarter valued at $341,000.

Azul SA Company Profile

Azul SA is a Brazil-based company engaged in the provision of passenger transportation services. The Company primarily acts as an airline operator under the Azul brand name. The Company provides scheduled flights between numerous cities in Brazil, including Sao Paulo, Brasilia, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Manaus, Cuiaba, Fortaleza and Salvador, among others.

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