LATAM Airlines Group SA (LFL) Reaches New 1-Year High at $8.95
LATAM Airlines Group SA (NYSE:LFL)’s share price reached a new 52-week high on Monday . The stock traded as high as $8.95 and last traded at $8.84, with a volume of 1,023,076 shares trading hands. The stock had previously closed at $8.69.
Several research firms have recently weighed in 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 on the stock in a report on Thursday, July 14th. Bank of America Corp. raised LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a report on Monday, July 11th. Goldman Sachs Group Inc. cut LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and lowered their price target for the company from $6.70 to $5.80 in a report on Tuesday, June 14th. Finally, Evercore ISI cut LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.80.
The company has a 50 day moving average of $6.75 and a 200-day moving average of $6.32. The company’s market capitalization is $4.87 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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