LATAM Airlines Group SA (LFL) Sees Strong Trading Volume
Shares of LATAM Airlines Group SA (NYSE:LFL) saw an uptick in trading volume on Friday . 454,977 shares were traded during mid-day trading, an increase of 10% from the previous session’s volume of 415,200 shares.The stock last traded at $8.04 and had previously closed at $8.02.
A number of brokerages recently commented on LFL. Zacks Investment Research lowered LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Deutsche Bank AG raised LATAM Airlines Group SA from a “hold” rating to a “buy” rating and boosted their target price for the company from $7.00 to $11.00 in a research report on Wednesday, July 20th. Bank of America Corp. raised LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research report on Monday, July 11th. Citigroup Inc. lowered LATAM Airlines Group SA from a “buy” rating to a “neutral” rating in a research report on Monday, August 1st. Finally, Goldman Sachs Group Inc. lowered LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and decreased their target price for the company from $6.70 to $5.80 in a research report on Tuesday, June 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.08.
The company’s market capitalization is $4.39 billion. The company has a 50 day moving average price of $8.60 and a 200 day moving average price of $7.10.
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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