Azul (NYSE:AZUL) Upgraded at Zacks Research

Zacks Research upgraded shares of Azul (NYSE:AZUL) to a strong sell rating in a research report released on Wednesday,Zacks.com reports.

AZUL has been the subject of several other research reports. BWS Financial restated a “buy” rating and issued a $20.00 price objective on shares of Azul in a research note on Friday, July 10th. Weiss Ratings began coverage on Azul in a research report on Friday, July 10th. They set a “sell (d)” rating on the stock. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $20.00.

Azul Stock Performance

Shares of Azul stock opened at $8.35 on Wednesday. Azul has a 12-month low of $3.90 and a 12-month high of $495.00.

Azul SA is a Brazilian airline that provides passenger and cargo air transportation services. The company operates a broad domestic network within Brazil and also serves select international destinations in South America, North America, and Europe. Its business includes scheduled flights, charter services, and cargo operations, supported by a fleet designed to connect major urban centers as well as smaller regional markets.

Founded in 2008, Azul grew rapidly by focusing on underserved routes in Brazil and offering a wide range of travel options for leisure and business customers.