Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Rating Lowered to Hold at Santander

Santander lowered shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) from a buy rating to a hold rating in a research report sent to investors on Wednesday, January 3rd, The Fly reports.

Other equities analysts also recently issued research reports about the company. Barclays set a $15.00 price target on Controladora Vuela Co Avcn SA CV and gave the company a buy rating in a report on Wednesday, October 11th. Zacks Investment Research raised Controladora Vuela Co Avcn SA CV from a strong sell rating to a hold rating in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $14.92.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) traded up $0.18 during mid-day trading on Wednesday, reaching $8.01. 1,020,200 shares of the company traded hands, compared to its average volume of 945,508. Controladora Vuela Co Avcn SA CV has a 1-year low of $7.71 and a 1-year high of $16.00. The firm has a market capitalization of $678.56, a P/E ratio of -89.00 and a beta of -0.11.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last issued its earnings results on Wednesday, October 25th. The transportation company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. Controladora Vuela Co Avcn SA CV had a negative return on equity of 2.76% and a negative net margin of 1.07%. The company had revenue of $362.00 million for the quarter, compared to the consensus estimate of $409.00 million. equities analysts forecast that Controladora Vuela Co Avcn SA CV will post -0.46 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. INCA Investments LLC lifted its stake in Controladora Vuela Co Avcn SA CV by 22.3% in the 3rd quarter. INCA Investments LLC now owns 6,059,265 shares of the transportation company’s stock valued at $71,923,000 after acquiring an additional 1,103,414 shares in the last quarter. Discovery Capital Management LLC CT increased its position in shares of Controladora Vuela Co Avcn SA CV by 0.3% during the 2nd quarter. Discovery Capital Management LLC CT now owns 3,553,785 shares of the transportation company’s stock worth $51,708,000 after purchasing an additional 11,600 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Controladora Vuela Co Avcn SA CV by 31.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,411,879 shares of the transportation company’s stock worth $20,541,000 after purchasing an additional 336,399 shares during the last quarter. Renaissance Group LLC increased its position in shares of Controladora Vuela Co Avcn SA CV by 10.2% during the 3rd quarter. Renaissance Group LLC now owns 1,079,305 shares of the transportation company’s stock worth $12,811,000 after purchasing an additional 99,834 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Controladora Vuela Co Avcn SA CV by 10.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 917,790 shares of the transportation company’s stock worth $13,354,000 after purchasing an additional 87,977 shares during the last quarter.

ILLEGAL ACTIVITY NOTICE: “Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Rating Lowered to Hold at Santander” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/11/controladora-vuela-co-avcn-sa-cv-vlrs-downgraded-to-hold-at-santander.html.

About Controladora Vuela Co Avcn SA CV

Controladora Vuela Compania de Aviacion SAB de CV is a Mexico-based company engaged in the airline passenger transportation sector. The Company operates as an ultra-low-cost carrier (ULCC). Its activities are divided into two geographical regions: Mexico (national operations), as well as the Unites States and Central America (international operations).

The Fly

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

Receive News & Ratings for Controladora Vuela Co Avcn SA CV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Controladora Vuela Co Avcn SA CV and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply