Controladora Vuela Co Avcn SA CV (VLRS) Rating Lowered to D+ at TheStreet

TheStreet lowered shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) from a c rating to a d+ rating in a report published on Friday.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Controladora Vuela Co Avcn SA CV from a hold rating to a strong-buy rating and set a $9.25 price objective for the company in a research note on Tuesday, September 25th. HSBC downgraded shares of Controladora Vuela Co Avcn SA CV from a hold rating to a reduce rating in a research note on Friday, September 28th. UBS Group downgraded shares of Controladora Vuela Co Avcn SA CV from a neutral rating to a sell rating in a research note on Friday, September 28th. ValuEngine raised shares of Controladora Vuela Co Avcn SA CV from a strong sell rating to a sell rating in a research note on Friday, July 20th. Finally, Imperial Capital raised their price objective on shares of Controladora Vuela Co Avcn SA CV from $5.00 to $7.00 and gave the stock an inline rating in a research note on Tuesday, July 24th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Controladora Vuela Co Avcn SA CV currently has a consensus rating of Hold and a consensus target price of $9.21.

Shares of NYSE:VLRS traded up $0.13 during trading on Friday, reaching $7.00. The company’s stock had a trading volume of 76,442 shares, compared to its average volume of 303,940. Controladora Vuela Co Avcn SA CV has a 12 month low of $4.87 and a 12 month high of $10.22. The company has a market cap of $454.04 million, a price-to-earnings ratio of -23.33 and a beta of 0.52.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last announced its quarterly earnings results on Friday, October 26th. The transportation company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.12). Controladora Vuela Co Avcn SA CV had a negative net margin of 2.72% and a negative return on equity of 7.65%. The business had revenue of $389.00 million during the quarter, compared to the consensus estimate of $383.00 million. As a group, equities research analysts predict that Controladora Vuela Co Avcn SA CV will post -0.61 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Frontier Capital Management Co. LLC increased its position in shares of Controladora Vuela Co Avcn SA CV by 2.1% during the third quarter. Frontier Capital Management Co. LLC now owns 3,636,720 shares of the transportation company’s stock worth $27,130,000 after acquiring an additional 73,215 shares during the period. Bank of America Corp DE increased its position in shares of Controladora Vuela Co Avcn SA CV by 86,859.0% during the second quarter. Bank of America Corp DE now owns 3,297,485 shares of the transportation company’s stock worth $16,751,000 after acquiring an additional 3,293,693 shares during the period. Pendal Group Ltd purchased a new position in shares of Controladora Vuela Co Avcn SA CV during the third quarter worth approximately $723,000. Mycio Wealth Partners LLC increased its position in shares of Controladora Vuela Co Avcn SA CV by 101.1% during the second quarter. Mycio Wealth Partners LLC now owns 32,256 shares of the transportation company’s stock worth $164,000 after acquiring an additional 16,218 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of Controladora Vuela Co Avcn SA CV during the second quarter worth approximately $145,000.

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, 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.

Featured Article: Swap

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