Wizz Air (OTCMKTS:WZZZY) Stock Rating Lowered by Sanford C. Bernstein

Wizz Air (OTCMKTS:WZZZY) was downgraded by analysts at Sanford C. Bernstein from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms also recently weighed in on WZZZY. Zacks Research raised Wizz Air to a “hold” rating in a research note on Tuesday, February 3rd. Citigroup raised Wizz Air from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Wizz Air has an average rating of “Hold”.

Wizz Air Stock Performance

WZZZY stock opened at $3.17 on Monday. The company has a 50 day moving average price of $3.80 and a 200 day moving average price of $4.01. Wizz Air has a fifty-two week low of $3.00 and a fifty-two week high of $7.00.

About Wizz Air

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.