Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “

Several other equities research analysts have also commented on VLRS. Imperial Capital started coverage on shares of 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. BidaskClub lowered shares of 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. Finally, Barclays PLC set a $15.00 price target on shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and gave the company a “buy” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.92.

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) traded down 1.70% during trading on Thursday, reaching $10.42. 646,930 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $11.83 and a 200 day moving average price of $13.32. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12 month low of $10.37 and a 12 month high of $20.03. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 173.67 and a beta of -0.01.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) last released its quarterly earnings results on Friday, July 21st. The transportation company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.21). 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%. The business had revenue of $334.00 million for the quarter, compared to analysts’ expectations of $316.00 million. On average, analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post ($0.43) EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) Rating Lowered to Sell at Zacks Investment Research” was first published 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 stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/22/controladora-vuela-compania-de-aviacion-s-a-b-de-c-v-vlrs-rating-lowered-to-sell-at-zacks-investment-research.html.

Several large investors have recently made changes to their positions in VLRS. JPMorgan Chase & Co. grew its stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 182.8% during the 1st quarter. JPMorgan Chase & Co. now owns 49,427 shares of the transportation company’s stock valued at $689,000 after acquiring an additional 31,950 shares during the period. Wellington Management Group LLP grew its stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 129.5% during the 1st quarter. Wellington Management Group LLP now owns 371,859 shares of the transportation company’s stock valued at $5,184,000 after acquiring an additional 209,853 shares during the period. MARSHALL WACE ASIA Ltd bought a new position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the 1st quarter valued at approximately $195,000. Marshall Wace North America L.P. bought a new position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the 1st quarter valued at approximately $195,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 14.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 601,599 shares of the transportation company’s stock valued at $8,387,000 after acquiring an additional 74,462 shares during the period.

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).

Get a free copy of the Zacks research report on Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Controladora Vuela Compania de Aviacion S.A.B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Controladora Vuela Compania de Aviacion S.A.B. de C.V. and related companies with MarketBeat.com's FREE daily email newsletter.