Zacks Research lowered shares of Localiza Rent a Car (OTCMKTS:LZRFY – Free Report) from a strong-buy rating to a strong sell rating in a research report report published on Tuesday morning,Zacks.com reports.
Localiza Rent a Car Trading Up 1.5%
Shares of OTCMKTS:LZRFY opened at $7.28 on Tuesday. The company’s fifty day moving average price is $8.01 and its 200 day moving average price is $8.89. Localiza Rent a Car has a 12 month low of $5.98 and a 12 month high of $11.76.
Localiza Rent a Car (OTCMKTS:LZRFY – Get Free Report) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.37 billion.
Localiza Rent a Car Company Profile
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.
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