Localiza Rent a Car (OTCMKTS:LZRFY) Upgraded by Zacks Research to Strong-Buy Rating

Localiza Rent a Car (OTCMKTS:LZRFY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Localiza Rent a Car Stock Down 12.4%

Shares of LZRFY opened at $7.01 on Thursday. Localiza Rent a Car has a 52-week low of $5.98 and a 52-week high of $11.76. The stock has a fifty day simple moving average of $8.82 and a two-hundred day simple moving average of $9.03.

Localiza Rent a Car (OTCMKTS:LZRFY) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates 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.