Zacks Investment Research Reiterates Sell Rating for Controladora Vuela Co Avcn SA CV (VLRS)

Zacks Investment Research restated their sell rating on shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) in a research report report published on Saturday.

According to Zacks, “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. provides aircraft transportation services. The company offers general cargo shipments, priority shipments of live animals, fresh food and flowers, medicines and perishable foods, express shipments and transportation of human remains after the loss of a loved one. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. is based in Santa Fe, Mexico. “

VLRS has been the topic of several other reports. Santander lowered shares of Controladora Vuela Co Avcn SA CV from a buy rating to a hold rating in a research note on Wednesday. Barclays set a $15.00 target price on shares of Controladora Vuela Co Avcn SA CV and gave the stock a buy rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $15.92.

Shares of Controladora Vuela Co Avcn SA CV (VLRS) traded up $0.05 during midday trading on Friday, reaching $8.32. 992,529 shares of the company traded hands, compared to its average volume of 679,172. The company has a market capitalization of $736.28, a price-to-earnings ratio of -92.44 and a beta of -0.11. Controladora Vuela Co Avcn SA CV has a fifty-two week low of $7.93 and a fifty-two week high of $16.00.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.12. The business had revenue of $362.00 million for the quarter, compared to analyst estimates of $409.00 million. Controladora Vuela Co Avcn SA CV had a negative net margin of 1.07% and a negative return on equity of 2.76%. analysts predict that Controladora Vuela Co Avcn SA CV will post -0.46 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in VLRS. Dynamic Technology Lab Private Ltd bought a new position in shares of Controladora Vuela Co Avcn SA CV in the third quarter valued at $154,000. Citadel Advisors LLC bought a new position in shares of Controladora Vuela Co Avcn SA CV in the third quarter valued at $174,000. Royal Bank of Canada lifted its stake in shares of Controladora Vuela Co Avcn SA CV by 62.8% in the second quarter. Royal Bank of Canada now owns 14,472 shares of the transportation company’s stock valued at $210,000 after buying an additional 5,580 shares in the last quarter. Dimension Capital Management LLC bought a new position in shares of Controladora Vuela Co Avcn SA CV in the third quarter valued at $227,000. Finally, Adalta Capital Management LLC bought a new position in shares of Controladora Vuela Co Avcn SA CV in the second quarter valued at $251,000.

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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).

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