Wizz Air (OTCMKTS:WZZZY) Cut to Hold at Sanford C. Bernstein

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

A number of other brokerages also recently commented on WZZZY. Zacks Research raised shares of Wizz Air to a “hold” rating in a research report on Tuesday, February 3rd. Citigroup raised shares of Wizz Air from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Wizz Air Stock Up 5.7%

Shares of WZZZY opened at $3.17 on Monday. The company’s 50 day moving average price is $3.92 and its 200 day moving average price is $4.01. Wizz Air has a 52 week low of $3.00 and a 52 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.