Controladora Vuela Co Avcn SA CV’s (VLRS) Neutral Rating Reiterated at Bradesco Corretora

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Bradesco Corretora restated their neutral rating on shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) in a research report released on Tuesday, The Fly reports.

A number of other equities analysts have also commented on the company. Barclays upgraded Controladora Vuela Co Avcn SA CV from an equal weight rating to an overweight rating in a research note on Monday, July 29th. Citigroup set a $12.00 price objective on Controladora Vuela Co Avcn SA CV and gave the stock a buy rating in a research note on Monday, July 15th. UBS Group upgraded Controladora Vuela Co Avcn SA CV from a neutral rating to a buy rating in a research note on Tuesday, June 18th. ValuEngine lowered Controladora Vuela Co Avcn SA CV from a sell rating to a strong sell rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research upgraded Controladora Vuela Co Avcn SA CV from a hold rating to a buy rating and set a $11.00 price objective on the stock in a research note on Friday, July 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $10.55.

Controladora Vuela Co Avcn SA CV stock opened at $10.09 on Tuesday. The company has a debt-to-equity ratio of 8.46, a quick ratio of 0.69 and a current ratio of 0.71. The business’s 50-day simple moving average is $9.30 and its 200-day simple moving average is $9.30. The firm has a market capitalization of $1.02 billion, a PE ratio of 19.33 and a beta of 1.24. Controladora Vuela Co Avcn SA CV has a 52 week low of $5.15 and a 52 week high of $10.99.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last posted its quarterly earnings data on Thursday, July 25th. The transportation company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.09. The business had revenue of $435.00 million for the quarter, compared to analyst estimates of $412.00 million. Controladora Vuela Co Avcn SA CV had a return on equity of 15.86% and a net margin of 3.32%. Research analysts forecast that Controladora Vuela Co Avcn SA CV will post 0.99 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Atria Investments LLC acquired a new stake in Controladora Vuela Co Avcn SA CV in the second quarter valued at approximately $234,000. Mackenzie Financial Corp lifted its holdings in shares of Controladora Vuela Co Avcn SA CV by 2,868.9% during the second quarter. Mackenzie Financial Corp now owns 323,938 shares of the transportation company’s stock worth $3,039,000 after purchasing an additional 313,027 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Controladora Vuela Co Avcn SA CV during the second quarter worth $257,000. Par Capital Management Inc. lifted its holdings in shares of Controladora Vuela Co Avcn SA CV by 30.4% during the second quarter. Par Capital Management Inc. now owns 1,357,889 shares of the transportation company’s stock worth $12,737,000 after purchasing an additional 316,281 shares during the period. Finally, A.R.T. Advisors LLC lifted its holdings in shares of Controladora Vuela Co Avcn SA CV by 172.3% during the second quarter. A.R.T. Advisors LLC now owns 30,980 shares of the transportation company’s stock worth $291,000 after purchasing an additional 19,602 shares during the period.

About Controladora Vuela Co Avcn SA CV

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, 2018, the company operated a fleet of 77 Airbus narrow-body aircraft, which include 8 Airbus A319s, 55 A320s, and 14 A321s. It operates approximately 394 daily flight segments on routes that connect 40 cities in Mexico and 26 cities in the United States and Central America.

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Analyst Recommendations for Controladora Vuela Co Avcn SA CV (NYSE:VLRS)

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