Shares of LATAM Airlines Group SA (NYSE:LTM) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $12.67.
A number of research analysts recently commented on the company. Santander cut LATAM Airlines Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Citigroup cut LATAM Airlines Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research upgraded LATAM Airlines Group from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research report on Tuesday, December 26th. Finally, TheStreet upgraded LATAM Airlines Group from a “d+” rating to a “c” rating in a research report on Thursday, November 16th.
Shares of LATAM Airlines Group (NYSE:LTM) traded down $0.27 during midday trading on Friday, hitting $16.62. The company had a trading volume of 117,818 shares, compared to its average volume of 405,897. LATAM Airlines Group has a 52 week low of $9.79 and a 52 week high of $17.39. The company has a market capitalization of $9,930.00, a PE ratio of 68.88 and a beta of 1.73.
A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new stake in LATAM Airlines Group in the fourth quarter valued at about $31,624,000. BlackRock Inc. acquired a new stake in LATAM Airlines Group in the fourth quarter valued at about $30,027,000. State Street Corp boosted its stake in LATAM Airlines Group by 1.5% in the second quarter. State Street Corp now owns 901,809 shares of the transportation company’s stock valued at $9,984,000 after buying an additional 12,941 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in LATAM Airlines Group in the fourth quarter valued at about $10,528,000. Finally, Dorsey Wright & Associates acquired a new stake in LATAM Airlines Group in the fourth quarter valued at about $8,095,000. 2.92% of the stock is currently owned by institutional investors and hedge funds.
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LATAM Airlines Group Company Profile
LATAM Airlines Group SA is a Chile-based company, which is engaged in passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. These businesses are performed directly or through its subsidiaries in different countries.
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