Avianca Holdings SA (AVH) Shares Up 5.9%
Avianca Holdings SA (NYSE:AVH) shares shot up 5.9% during mid-day trading on Wednesday . The stock traded as high as $6.84 and last traded at $6.81, with a volume of 176,549 shares. The stock had previously closed at $6.43.
Several brokerages have recently issued reports on AVH. Zacks Investment Research upgraded shares of Avianca Holdings SA from a “strong sell” rating to a “buy” rating and set a $7.25 price target for the company in a report on Wednesday, July 13th. Bank of America Corp. upgraded shares of Avianca Holdings SA from an “underperform” rating to a “neutral” rating in a report on Monday, July 11th. Finally, Standpoint Research reiterated a “buy” rating on shares of Avianca Holdings SA in a report on Wednesday, July 27th.
The firm has a 50 day moving average of $6.29 and a 200 day moving average of $5.61. The firm’s market cap is $852.42 million.
Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.
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