Localiza Rent a Car (OTCMKTS:LZRFY) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Localiza Rent a Car (OTCMKTS:LZRFY) from a strong-buy rating to a strong sell rating in a research report sent to investors on Tuesday,Zacks.com reports.

Localiza Rent a Car Stock Down 1.1%

LZRFY stock opened at $7.20 on Tuesday. Localiza Rent a Car has a 1 year low of $5.98 and a 1 year high of $11.76. The business’s 50-day moving average is $7.98 and its two-hundred day moving average is $8.88.

Localiza Rent a Car (OTCMKTS:LZRFY) last released its earnings results on Thursday, May 21st. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.37 billion.

About Localiza Rent a Car

Localiza Rent a Car (OTCMKTS:LZRFY) is a leading mobility solutions provider headquartered in Belo Horizonte, Brazil. Founded in 1973, the company has built a strong reputation in the car rental industry, offering a broad range of services to both leisure and corporate customers. Over the decades, Localiza has expanded its footprint to become one of Latin America’s largest car rental and fleet management operators.

The company’s core activities include short- and long-term vehicle rentals, fleet management services and the sale of used vehicles.