LATAM Airlines Group S.A. (NYSE:LTM) Downgraded to “Hold” at Zacks Investment Research
LATAM Airlines Group S.A. (NYSE:LTM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.
According to Zacks, “LATAM Airlines Group S.A. offers domestic and international passenger and cargo air services. The Company operates primarily in Chile, the United States, the South Pacific, Europe and Latin America. LATAM Airlines Group S.A., formerly known as Lan Chile S.A, is headquartered in Santiago, Chile. “
A number of other analysts also recently commented on the company. Morgan Stanley downgraded LATAM Airlines Group from an “equal weight” rating to an “underweight” rating in a research report on Thursday, May 18th. UBS Group AG downgraded LATAM Airlines Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. LATAM Airlines Group currently has an average rating of “Hold” and an average target price of $10.01.
Shares of LATAM Airlines Group (NYSE:LTM) traded down 3.14% on Thursday, hitting $11.72. The stock had a trading volume of 617,452 shares. The company has a 50-day moving average of $11.70 and a 200 day moving average of $11.48. LATAM Airlines Group has a 52 week low of $7.66 and a 52 week high of $13.72. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 202.07 and a beta of 1.59.
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About LATAM Airlines Group
LATAM Airlines Group SA is a Chile-based company, which is engaged in 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. These businesses are performed directly or through its subsidiaries in different countries.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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