Avianca Holdings SA (AVH) Sees Unusually-High Trading Volume
Avianca Holdings SA (NYSE:AVH) shares saw unusually-strong trading volume on Tuesday . Approximately 272,340 shares changed hands during trading, an increase of 60% from the previous session’s volume of 170,074 shares.The stock last traded at $6.19 and had previously closed at $6.20.
A number of analysts have weighed in on AVH shares. Zacks Investment Research raised Avianca Holdings SA from a “strong sell” rating to a “buy” rating and set a $7.25 price objective for the company in a research report on Wednesday, July 13th. Standpoint Research reaffirmed a “buy” rating on shares of Avianca Holdings SA in a research report on Wednesday, July 27th. Finally, Bank of America Corp. raised Avianca Holdings SA from an “underperform” rating to a “neutral” rating in a research note on Monday, July 11th.
The stock has a 50-day moving average price of $6.24 and a 200 day moving average price of $5.50. The firm’s market capitalization is $770.17 million.
The firm also recently announced an annual dividend, which was paid on Monday, July 11th. Stockholders of record on Tuesday, July 5th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, June 30th.
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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