Controladora Vuela Compania de Aviacion S.A.B. de C.V. American Depositary Shares each representing ten (10) Ordinary Participation Certificates (NYSE:VLRS) traded today at a new 52-week high of $22.19. This new high was reached on below average trading volume as 123,000 shares traded hands, while the average 30-day volume is approximately 855,000 shares.
Controladora Vuela Compania de Aviacion SAB de CV is an airline operating in Central America and the United States. It has substantial market presence in the largest airports in Mexico (based on number of passengers) and attempts to reach some of the most populous Mexican communities in the United States. It utilizes an unbundled pricing strategy and allows passengers to pay for additional products and services. The company’s target audience tends to be cost-conscious business people and leisure travelers. It sells tickets through four primary distribution channels: website, call center, third parties such as travel agents, and airport counters. The company only has one reportable segment, air transportation services, and approximately two thirds of total revenue originates in Mexico.
Controladora Vuela Compania de Aviacion S.A.B. de C.V. American Depositary Shares each representing ten (10) Ordinary Participation Certificates share prices have moved between a 52-week high of $22.19 and a 52-week low of $4.79 and are now trading 361% above that low price at $22.10 per share.
Controladora Vuela Compania de Aviacion S.A.B. de C.V. American Depositary Shares each representing ten (10) Ordinary Participation Certificates (NYSE:VLRS) has potential upside of 18.4% based on a current price of $22.10 and analysts’ consensus price target of $26.16.
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