Avianca Holdings SA (AVH) Shares Down 5.3%
Avianca Holdings SA (NYSE:AVH)’s share price traded down 5.3% on Monday . The stock traded as low as $6.52 and last traded at $6.65, with a volume of 359,770 shares changing hands. The stock had previously closed at $7.02.
Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Avianca Holdings SA from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Standpoint Research reiterated a “buy” rating on shares of Avianca Holdings SA in a research report on Wednesday, July 27th. Finally, Bank of America Corp. upgraded Avianca Holdings SA from an “underperform” rating to a “neutral” rating in a research report on Monday, July 11th.
The firm’s market cap is $1.80 billion. The company’s 50-day moving average is $6.31 and its 200 day moving average is $5.64.
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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