LATAM Airlines Group SA (LFL) Stock Price Up 4.8%
LATAM Airlines Group SA (NYSE:LFL) rose 4.8% 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.
LFL has been the topic of a number of analyst reports. Zacks Investment Research raised LATAM Airlines Group SA from a “strong sell” rating to a “buy” rating and set a $7.50 price objective on the stock in a report on Thursday, May 12th. Bank of America Corp. raised LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a report on Monday, July 11th. Deutsche Bank AG raised LATAM Airlines Group SA from a “hold” rating to a “buy” rating and lifted their price objective for the company from $7.00 to $11.00 in a report on Wednesday, July 20th. Goldman Sachs Group Inc. lowered LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $6.70 to $5.80 in a report on Tuesday, June 14th. Finally, Citigroup Inc. lowered LATAM Airlines Group SA from a “buy” rating to a “neutral” rating in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $7.63.
The company’s market capitalization is $4.83 billion. The stock has a 50-day moving average of $7.69 and a 200 day moving average of $6.64.
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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