LATAM Airlines Group SA (NYSE:LFL) was upgraded by equities research analysts at Citigroup Inc. to a “market perform” rating in a note issued to investors on Wednesday, The Fly reports.

Several other research analysts also recently weighed in on LFL. Goldman Sachs Group Inc. downgraded LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and lowered their target price for the company from $6.70 to $5.80 in a research note on Tuesday, June 14th. Bank of America Corp. upgraded LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research note on Monday, July 11th. Zacks Investment Research upgraded LATAM Airlines Group SA from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Thursday, July 14th. Deutsche Bank AG upgraded LATAM Airlines Group SA from a “hold” rating to a “buy” rating and lifted their price target for the company from $7.00 to $11.00 in a research note on Wednesday, July 20th. Finally, Morgan Stanley upgraded LATAM Airlines Group SA from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $6.50 to $8.80 in a research note on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $8.65.

Analyst Recommendations for LATAM Airlines Group SA (NYSE:LFL)

Shares of LATAM Airlines Group SA (NYSE:LFL) opened at 8.38 on Wednesday. The firm has a 50-day moving average price of $8.30 and a 200 day moving average price of $7.29. LATAM Airlines Group SA has a one year low of $4.35 and a one year high of $9.24. The stock’s market capitalization is $4.57 billion.

A number of institutional investors have recently modified their holdings of the company. Exane Derivatives boosted its position in shares of LATAM Airlines Group SA by 3.9% in the first quarter. Exane Derivatives now owns 48,083 shares of the company’s stock valued at $337,000 after buying an additional 1,827 shares in the last quarter. World Asset Management Inc boosted its position in shares of LATAM Airlines Group SA by 8.1% in the second quarter. World Asset Management Inc now owns 33,865 shares of the company’s stock valued at $224,000 after buying an additional 2,544 shares in the last quarter. Profund Advisors LLC boosted its position in shares of LATAM Airlines Group SA by 19.4% in the second quarter. Profund Advisors LLC now owns 22,620 shares of the company’s stock valued at $149,000 after buying an additional 3,676 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of LATAM Airlines Group SA by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 183,710 shares of the company’s stock valued at $1,213,000 after buying an additional 12,586 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in shares of LATAM Airlines Group SA by 1.6% in the second quarter. BlackRock Group LTD now owns 1,393,051 shares of the company’s stock valued at $9,194,000 after buying an additional 21,341 shares in the last quarter. 3.27% of the stock is owned by hedge funds and other institutional investors.

LATAM Airlines Group SA Company Profile

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.

5 Day Chart for NYSE:LFL

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