Controladora Vuela Co Avcn SA CV (NYSE:VLRS) was downgraded by equities researchers at Deutsche Bank AG from a “buy” rating to a “hold” rating in a report issued on Thursday, The Fly reports.

A number of other equities research analysts also recently weighed in on VLRS. Cowen and Company cut their price target on Controladora Vuela Co Avcn SA CV from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, February 21st. Zacks Investment Research raised Controladora Vuela Co Avcn SA CV from a “sell” rating to a “hold” rating in a research note on Saturday, March 18th. HSBC Holdings plc raised Controladora Vuela Co Avcn SA CV from a “reduce” rating to a “hold” rating in a research note on Wednesday, April 5th. Morgan Stanley downgraded Controladora Vuela Co Avcn SA CV from an “overweight” rating to an “equal weight” rating and set a $14.50 price target for the company. in a research note on Tuesday, February 21st. Finally, Citigroup Inc downgraded Controladora Vuela Co Avcn SA CV from a “buy” rating to a “neutral” rating in a research note on Thursday, February 23rd. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Controladora Vuela Co Avcn SA CV has a consensus rating of “Hold” and an average price target of $16.38.

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

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) opened at 14.02 on Thursday. Controladora Vuela Co Avcn SA CV has a 52 week low of $11.33 and a 52 week high of $21.90. The company has a 50-day moving average of $13.34 and a 200 day moving average of $14.97. The firm has a market cap of $1.42 billion, a P/E ratio of 7.58 and a beta of 0.15.

ILLEGAL ACTIVITY NOTICE: “Controladora Vuela Co Avcn SA CV (VLRS) Cut to “Hold” at Deutsche Bank AG” was posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/04/20/controladora-vuela-co-avcn-sa-cv-vlrs-cut-to-hold-at-deutsche-bank-ag.html.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/controladora-vuela-co-avcn-sa-cv-vlrs-cut-to-hold-at-deutsche-bank-ag.html

Several hedge funds and other institutional investors have recently modified their holdings of VLRS. Acadian Asset Management raised its position in shares of Controladora Vuela Co Avcn SA CV by 146.1% in the fourth quarter. Acadian Asset Management now owns 1,729,668 shares of the transportation company’s stock worth $29,686,000 after buying an additional 1,026,767 shares in the last quarter. Russell Frank Co raised its position in shares of Controladora Vuela Co Avcn SA CV by 32.4% in the fourth quarter. Russell Frank Co now owns 452,369 shares of the transportation company’s stock worth $7,767,000 after buying an additional 110,809 shares in the last quarter. Numeric Investors LLC raised its position in shares of Controladora Vuela Co Avcn SA CV by 32.7% in the fourth quarter. Numeric Investors LLC now owns 574,834 shares of the transportation company’s stock worth $9,864,000 after buying an additional 141,748 shares in the last quarter. NorthCoast Asset Management LLC bought a new position in shares of Controladora Vuela Co Avcn SA CV during the fourth quarter worth approximately $4,300,000. Finally, Todd Asset Management LLC bought a new position in shares of Controladora Vuela Co Avcn SA CV during the fourth quarter worth approximately $6,632,000.

Controladora Vuela Co Avcn SA CV Company Profile

Controladora Vuela Compania de Aviacion SAB de CV (Volaris Aviation Holding Company) is a Mexico-based company principally engaged in the airline passenger transportation industry. The Company is a law-cost carrier airline. Controladora Vuela Compania de Aviacion SAB de CV offers direct, point-to-point flights.

5 Day Chart for NYSE:VLRS

The Fly

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.