LATAM Airlines Group SA (NYSE:LFL) shares shot up 3.4% during mid-day trading on Monday . The company traded as high as $6.95 and last traded at $6.93, with a volume of 305,610 shares changing hands. The stock had previously closed at $6.70.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded 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. Bank of America Corp. raised LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research report on Monday. Goldman Sachs Group Inc. cut LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $6.70 to $5.80 in a research report on Tuesday, June 14th. Finally, Evercore ISI cut LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. LATAM Airlines Group SA has a consensus rating of “Hold” and a consensus price target of $6.55.

The company has a 50-day moving average price of $6.41 and a 200-day moving average price of $6.21. The stock’s market cap is $4.31 billion.

A hedge fund recently raised its stake in LATAM Airlines Group SA stock. Dimensional Fund Advisors LP increased its position in shares of LATAM Airlines Group SA (NYSE:LFL) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 0.89% of LATAM Airlines Group SA worth $26,083,000 as of its most recent filing with the SEC.

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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