Wizz Air (OTCMKTS:WZZZY) Lowered to Reduce at HSBC

Wizz Air (OTCMKTS:WZZZYGet Rating) was downgraded by HSBC from a “hold” rating to a “reduce” rating in a report issued on Tuesday, The Fly reports.

A number of other equities research analysts have also issued reports on the stock. Berenberg Bank decreased their target price on shares of Wizz Air from GBX 5,200 ($67.66) to GBX 4,400 ($57.25) in a research note on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of Wizz Air from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. Citigroup downgraded shares of Wizz Air from a “neutral” rating to a “sell” rating in a report on Monday, January 3rd. AlphaValue downgraded shares of Wizz Air to a “buy” rating in a report on Monday, February 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of Wizz Air from GBX 4,960 ($64.53) to GBX 6,000 ($78.06) in a report on Friday, January 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4,820.00.

Shares of OTCMKTS:WZZZY opened at $10.43 on Tuesday. The firm has a fifty day moving average of $10.93 and a two-hundred day moving average of $13.89. Wizz Air has a 12-month low of $8.40 and a 12-month high of $18.00.

Wizz Air Company Profile (Get Rating)

Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes across Europe and the Middle East. As of June 04, 2021, it operated a fleet of 137 aircraft that offered services for approximately 824 routes from 43 bases connecting 167 airports in 48 countries.

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Analyst Recommendations for Wizz Air (OTCMKTS:WZZZY)

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