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

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 research reports. Barclays PLC set a $15.00 target price on Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and gave the company a “buy” rating in a research note on Wednesday, October 11th. BidaskClub cut Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. 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. The stock has a consensus rating of “Hold” and an average target price of $15.92.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) last released its earnings results on Wednesday, October 25th. The transportation company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.12. The firm had revenue of $362.00 million for the quarter, compared to analysts’ expectations of $409.00 million. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. had a negative return on equity of 2.76% and a negative net margin of 1.07%.

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Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the 1st quarter worth approximately $220,000. Wells Fargo & Company MN increased its position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 2.9% during the 2nd quarter. Wells Fargo & Company MN now owns 605,288 shares of the transportation company’s stock worth $8,807,000 after purchasing an additional 16,893 shares during the last quarter. Bank of America Corp DE increased its position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 18.7% during the 1st quarter. Bank of America Corp DE now owns 485,580 shares of the transportation company’s stock worth $6,770,000 after purchasing an additional 76,461 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the 1st quarter worth approximately $171,000. Finally, Atria Investments LLC increased its position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 4.8% during the 2nd quarter. Atria Investments LLC now owns 11,417 shares of the transportation company’s stock worth $166,000 after purchasing an additional 518 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).

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

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