LATAM Airlines Group SA (LFL) Shares Down 2.5%
LATAM Airlines Group SA (NYSE:LFL) shares fell 2.5% during trading on Monday . The stock traded as low as $8.21 and last traded at $8.25, with a volume of 289,449 shares. The stock had previously closed at $8.46.
Several research firms have commented on LFL. Zacks Investment Research raised shares of LATAM Airlines Group SA from a “strong sell” rating to a “buy” rating and set a $7.50 price target on the stock in a research note on Thursday, May 12th. Citigroup Inc. downgraded shares of LATAM Airlines Group SA from a “buy” rating to a “neutral” rating in a research note on Monday, August 1st. Deutsche Bank AG raised shares of LATAM Airlines Group SA from a “hold” rating to a “buy” rating and lifted their price target for the stock from $7.00 to $11.00 in a research note on Wednesday, July 20th. Bank of America Corp. raised shares of 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 shares of LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $6.70 to $5.80 in a research note on Tuesday, June 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.76.
The company has a 50-day moving average of $8.40 and a 200 day moving average of $6.97. The stock’s market cap is $4.50 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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