Avianca Holdings SA (AVH) Trading Down 5.3%
Shares of Avianca Holdings SA (NYSE:AVH) were down 5.3% during trading on Monday . The company traded as low as $6.52 and last traded at $6.65, with a volume of 359,770 shares traded. The stock had previously closed at $7.02.
A number of analysts have commented on AVH shares. Zacks Investment Research upgraded Avianca Holdings SA from a “strong sell” rating to a “buy” rating and set a $7.25 price target for the company in a research report on Wednesday, July 13th. Standpoint Research restated 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 capitalization is $1.81 billion. The stock has a 50 day moving average of $6.34 and a 200-day moving average of $5.70.
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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