LATAM Airlines Group (NYSE:LTM) Receiving Positive News Coverage, Report Finds
Media headlines about LATAM Airlines Group (NYSE:LTM) have trended positive on Friday, Accern Sentiment reports. Accern rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. LATAM Airlines Group earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 44.9430470520507 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several brokerages recently issued reports on LTM. Zacks Investment Research downgraded shares of LATAM Airlines Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Morgan Stanley downgraded shares of LATAM Airlines Group from an “equal weight” rating to an “underweight” rating in a research note on Thursday, May 18th. Finally, UBS AG downgraded shares of LATAM Airlines Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.01.
Shares of LATAM Airlines Group (LTM) traded down 0.51% during midday trading on Friday, reaching $11.66. 576,590 shares of the company traded hands. LATAM Airlines Group has a 12-month low of $7.66 and a 12-month high of $13.72. The firm has a market capitalization of $7.07 billion, a PE ratio of 201.03 and a beta of 1.59. The company has a 50-day moving average of $11.72 and a 200 day moving average of $11.49.
LATAM Airlines Group Company Profile
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.
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