LATAM Airlines Group SA (LFL) Reaches New 52-Week High at $8.85
LATAM Airlines Group SA (NYSE:LFL) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $8.85 and last traded at $7.83, with a volume of 1,711,988 shares trading hands. The stock had previously closed at $6.91.
A number of research firms recently commented on LFL. Zacks Investment Research raised LATAM Airlines Group SA from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research note on Thursday. Evercore ISI downgraded LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a research note on Tuesday, March 22nd. Bank of America Corp. raised LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research note on Monday. Finally, Goldman Sachs Group Inc. downgraded LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and dropped their price target for the company from $6.70 to $5.80 in a research note on Tuesday, June 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $6.80.
The stock’s 50-day moving average price is $6.46 and its 200-day moving average price is $6.22. The firm’s market cap is $4.43 billion.
An institutional investor recently raised its position in LATAM Airlines Group SA stock. Dimensional Fund Advisors LP raised its position in shares of LATAM Airlines Group SA (NYSE:LFL) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,840,359 shares of the company’s stock after buying an additional 235,626 shares during the period. Dimensional Fund Advisors LP owned 0.89% of LATAM Airlines Group SA worth $26,083,000 at the end of the most recent quarter.
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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