Goldman Sachs Group upgraded shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) from a sell rating to a buy rating in a report issued on Tuesday, Marketbeat Ratings reports.
Several other research firms have also recently weighed in on VLRS. Deutsche Bank upgraded shares of Controladora Vuela Co Avcn SA CV from a hold rating to a buy rating in a report on Monday, February 25th. Imperial Capital upgraded shares of Controladora Vuela Co Avcn SA CV from an underperform rating to an outperform rating and lifted their price target for the company from $4.50 to $11.50 in a report on Tuesday, February 26th. ValuEngine cut shares of Controladora Vuela Co Avcn SA CV from a buy rating to a hold rating in a report on Friday, March 1st. Zacks Investment Research upgraded shares of Controladora Vuela Co Avcn SA CV from a strong sell rating to a hold rating in a report on Saturday, January 19th. Finally, UBS Group upgraded shares of Controladora Vuela Co Avcn SA CV from a sell rating to a neutral rating in a report on Thursday, January 17th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $8.54.
Get Controladora Vuela Co Avcn SA CV alerts:NYSE:VLRS opened at $8.78 on Tuesday. The firm has a market capitalization of $858.07 million, a P/E ratio of -25.09 and a beta of 1.03. Controladora Vuela Co Avcn SA CV has a twelve month low of $4.87 and a twelve month high of $9.11.
Institutional investors and hedge funds have recently bought and sold shares of the company. Zacks Investment Management purchased a new position in shares of Controladora Vuela Co Avcn SA CV in the 4th quarter worth about $62,000. Stevens Capital Management LP purchased a new position in shares of Controladora Vuela Co Avcn SA CV in the 4th quarter worth about $73,000. Virtu Financial LLC purchased a new position in shares of Controladora Vuela Co Avcn SA CV in the 4th quarter worth about $139,000. First Mercantile Trust Co. purchased a new position in shares of Controladora Vuela Co Avcn SA CV in the 4th quarter worth about $323,000. Finally, Pendal Group Ltd purchased a new position in shares of Controladora Vuela Co Avcn SA CV in the 3rd quarter worth about $723,000.
Controladora Vuela Co Avcn SA CV Company Profile
Controladora Vuela Compañía de Aviación, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2017, the company operated a fleet of 71 Airbus narrow-body aircraft, which include 12 Airbus A319s, 44 A320s, and 10 A321s. It operates approximately 319 daily flight segments on routes that connect 40 cities in Mexico and 27 cities in the United States and Central America.
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