LATAM Airlines Group SA (LFL) Trading Up 3.4%
LATAM Airlines Group SA (NYSE:LFL)’s share price was up 3.4% during trading on Monday . The company traded as high as $6.95 and last traded at $6.93, with a volume of 305,610 shares traded. The stock had previously closed at $6.70.
A number of equities analysts have commented on LFL shares. Zacks Investment Research upgraded shares of LATAM Airlines Group SA from a “strong sell” rating to a “buy” rating and set a $7.50 target price on the stock in a research note on Thursday, May 12th. Evercore ISI downgraded shares of LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a research note on Tuesday, March 22nd. Bank of America Corp. upgraded shares of LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research note on Monday. Finally, Goldman Sachs Group Inc. downgraded shares of LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $6.70 to $5.80 in a research note on Tuesday, June 14th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $6.55.
The stock’s 50-day moving average price is $6.34 and its 200-day moving average price is $6.17. The firm’s market cap is $3.77 billion.
An institutional investor recently raised its position in LATAM Airlines Group SA stock. Dimensional Fund Advisors LP boosted its position in LATAM Airlines Group SA (NYSE:LFL) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,840,359 shares of the company’s stock after buying an additional 235,626 shares during the period. Dimensional Fund Advisors LP owned about 0.89% of LATAM Airlines Group SA worth $26,083,000 at the end of the most recent reporting period.
LATAM Airlines Group SA (LATAM) is a Chile-based airline holding company. The Company is primarily involved in the transportation of passengers and cargo, and operates as a business enterprise with two brands: LAN and TAM. LATAM operates through two segments: the air transportation business, and the coalition and loyalty program Multiplus.
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