Shares of LATAM Airlines Group SA (NYSE:LFL) traded up 4.8% during mid-day trading on Thursday . The company traded as high as $8.92 and last traded at $8.91, with a volume of 631,784 shares changing hands. The stock had previously closed at $8.50.

Several research firms have commented on LFL. Zacks Investment Research raised LATAM Airlines Group SA from a “strong sell” rating to a “buy” rating and set a $7.50 price objective for the company in a research note on Thursday, May 12th. Citigroup Inc. downgraded LATAM Airlines Group SA from a “buy” rating to a “neutral” rating in a research note on Monday. Deutsche Bank AG raised LATAM Airlines Group SA from a “hold” rating to a “buy” rating and upped their price objective for the company from $7.00 to $11.00 in a research note on Wednesday, July 20th. Bank of America Corp. raised LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research note on Monday, July 11th. Finally, Goldman Sachs Group Inc. downgraded LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $6.70 to $5.80 in a research note on Tuesday, June 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. LATAM Airlines Group SA presently has a consensus rating of “Hold” and an average price target of $7.63.

The stock has a 50-day moving average price of $7.54 and a 200 day moving average price of $6.61. The firm’s market capitalization is $4.88 billion.

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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