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Zacks Investment Research downgraded JetBlue Airways Corporation (NASDAQ:JBLU) to Hold in a report released today.

Just yesterday JetBlue Airways Corporation (NASDAQ:JBLU) traded 2.67% higher at $18.22. JetBlue Airways Corporation’s 50-day moving average is $16.96 and its 200-day moving average is $17.92. The last closing price is up 1.80% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 7,840,697 shares of JBLU traded hands, up from an average trading volume of 6,023,020

Zacks Investment Research has downgraded JetBlue Airways Corporation (NASDAQ:JBLU) to Hold in a report released on 10/13/2016.

Previously on 10/10/2016, Vetr Inc. reported on JetBlue Airways Corporation (NASDAQ:JBLU) increased the target price from $0.00 to $18.40. At the time, this indicated a possible upside of 0.06%.

Recent Performance Chart

JetBlue Airways Corporation (NASDAQ:JBLU)

JetBlue Airways Corporation has 52 week low of $14.76 and a 52 week high of $27.00 with a PE ratio of 8.10 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 13 brokers have issued a research note on the company. The average stock price target is $25.81 with 3 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 7 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On JetBlue Airways Corporation (NASDAQ:JBLU)

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint. Mint includes approximately 20 fully lie-flat seats, over four of which are in suites with a privacy door. The Company has installed Fly-Fi in-flight Internet service across its Airbus fleet. The Company provides three branded fares: Blue, Blue Plus and Blue Flex. Each of these fares includes different offerings, such as free checked bags, reduced change fees and additional TrueBlue points. The Company also accepts Apple Pay in-flight, which enables the iPhone users to use their phones for all onboard purchases. Its Airbus A321 aircraft in a single cabin layout has approximately 190 seats and those with Mint offering have over 160 seats.

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