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Controladora Vuela Co Avcn SA CV (NASDAQ:VLRS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday, ARN reports. They currently have a $11.00 target price on the stock. Zacks‘ target price indicates a potential downside of 5.42% from the company’s current price.

Controladora Vuela Co Avcn SA CV (NASDAQ:VLRS) traded up 3.18% during mid-day trading on Tuesday, hitting $12.00. 109,269 shares of the company’s stock traded hands. Controladora Vuela Co Avcn SA CV has a 52 week low of $11.50 and a 52 week high of $15.94. The stock’s 50-day moving average is $13.69 and its 200-day moving average is $13.80. The company has a market cap of $1.014 billion and a P/E ratio of 28.57.

Other equities research analysts have also recently issued reports about the stock. Analysts at Evercore Partners initiated coverage on shares of Controladora Vuela Co Avcn SA CV in a research note to investors on Monday, November 4th. They set an “overweight” rating on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Controladora Vuela Co Avcn SA CV in a research note to investors on Wednesday, October 30th. They set a “buy” rating on the stock. Finally, analysts at Cowen and Company initiated coverage on shares of Controladora Vuela Co Avcn SA CV in a research note to investors on Wednesday, October 30th. They set an “outperform” rating and a $17.00 price target on the stock.

Controladora Vuela Compania de Aviacion SAB de CV (NASDAQ:VLRS) is a Mexico-based company principally engaged in the airline passenger transportation industry.

To view Zacks’ full report, visit www.zacks.com

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