LATAM Airlines Group SA (NYSE:LFL) shares hit a new 52-week high on Tuesday . The stock traded as high as $8.85 and last traded at $7.83, with a volume of 1,711,988 shares. The stock had previously closed at $6.91.

LFL has been the subject of several recent analyst reports. Zacks Investment Research raised shares of LATAM Airlines Group SA from a “strong sell” rating to a “buy” rating and set a $7.50 target price for the company in a report on Thursday, May 12th. Evercore ISI downgraded shares of LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. Bank of America Corp. raised shares of LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a report 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 report on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $6.55.

The company’s 50-day moving average is $6.36 and its 200-day moving average is $6.20. The company’s market capitalization is $4.22 billion.

A hedge fund recently raised its stake in LATAM Airlines Group SA stock. Dimensional Fund Advisors LP increased its position in LATAM Airlines Group SA (NYSE:LFL) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 is a Chile-based air transport company. The Company’s principal business is 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.

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