JetBlue Airways (JBLU) was Downgraded to a Hold Rating at Vertical Group

By Jason Carr

In a report released yesterday, Vertical Group from Vertical Group downgraded JetBlue Airways (JBLUResearch Report) to Hold. The company’s shares closed last Friday at $14.93.

The word on The Street in general, suggests a Hold analyst consensus rating for JetBlue Airways with a $15.27 average price target, representing a -0.5% downside. In a report issued on January 13, Barclays also maintained a Hold rating on the stock with a $14.00 price target.

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The company has a one-year high of $21.65 and a one-year low of $6.61. Currently, JetBlue Airways has an average volume of 9.97M.

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JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The company offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and most legroom. JetBlue Airways was founded by David Gary Neeleman in August, 1998 and is headquartered in Long Island City, NY.