Localiza Rent a Car (OTCMKTS:LZRFY) Upgraded to Hold at Zacks Research

Localiza Rent a Car (OTCMKTS:LZRFY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks reports.

Localiza Rent a Car Stock Down 0.8%

Shares of LZRFY opened at $9.92 on Wednesday. The stock’s 50-day moving average price is $7.73 and its two-hundred day moving average price is $8.25. Localiza Rent a Car has a 12 month low of $6.10 and a 12 month high of $11.76. The company has a market capitalization of $10.52 billion and a PE ratio of 16.66. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.48.

About Localiza Rent a Car

Localiza Rent a Car SA is a Brazilian mobility company that provides vehicle rental and fleet-management services. Its business serves individual customers, corporate clients and transportation partners through short-term rentals, monthly rental programs and other vehicle-use solutions.

The company also operates in the used-vehicle market through the sale of vehicles removed from its rental fleet. Its services are supported by a broad network of rental locations, including facilities at airports and in urban areas, as well as digital channels for reservations and customer service.

Founded in 1973 and headquartered in Belo Horizonte, Brazil, Localiza expanded its operations across Latin America.