Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday.

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 subject of a number of other research reports. BidaskClub downgraded Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Imperial Capital started coverage on Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in a research report on Thursday, June 29th. They set an “outperform” rating and a $18.00 price target for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has an average rating of “Hold” and a consensus target price of $16.25.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) opened at 12.14 on Thursday. The firm’s 50-day moving average price is $12.42 and its 200 day moving average price is $13.52. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 52 week low of $11.33 and a 52 week high of $20.03. The firm has a market cap of $1.23 billion, a P/E ratio of 202.33 and a beta of -0.01.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) last issued its quarterly earnings results on Friday, July 21st. The transportation company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.21). The business had revenue of $334.00 million for the quarter, compared to the consensus estimate of $316.00 million. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. had a negative net margin of 0.15% and a negative return on equity of 0.39%. Equities analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post ($0.39) earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in VLRS. INCA Investments LLC bought a new stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in the 2nd quarter worth approximately $72,108,000. Teewinot Capital Advisers L.L.C. lifted its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 195.8% in the 1st quarter. Teewinot Capital Advisers L.L.C. now owns 851,973 shares of the transportation company’s stock worth $11,877,000 after buying an additional 563,973 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 31.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,411,879 shares of the transportation company’s stock worth $20,541,000 after buying an additional 336,399 shares during the last quarter. Soros Fund Management LLC bought a new stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in the 1st quarter worth approximately $3,527,000. Finally, Wellington Management Group LLP lifted its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 129.5% in the 1st quarter. Wellington Management Group LLP now owns 371,859 shares of the transportation company’s stock worth $5,184,000 after buying an additional 209,853 shares during the last quarter.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. Company Profile

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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Analyst Recommendations for Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

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