Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Avianca (AVH) Stock Price
Media stories about Avianca (NYSE:AVH) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Avianca earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media headlines about the transportation company an impact score of 44.6316262923411 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Avianca (NYSE:AVH) traded up $0.07 on Friday, hitting $8.02. 81,200 shares of the stock were exchanged, compared to its average volume of 65,300. The company has a market cap of $339.79, a price-to-earnings ratio of 17.82 and a beta of 0.87. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.65 and a quick ratio of 0.60. Avianca has a 52-week low of $6.37 and a 52-week high of $10.09.
A number of brokerages have issued reports on AVH. TheStreet raised shares of Avianca from a “d+” rating to a “c” rating in a report on Tuesday, December 5th. ValuEngine raised shares of Avianca from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of Avianca from a “hold” rating to a “strong-buy” rating and set a $8.50 target price on the stock in a research note on Tuesday, October 24th. Deutsche Bank raised shares of Avianca from a “hold” rating to a “buy” rating and lifted their target price for the company from $8.00 to $11.00 in a research note on Thursday, November 16th. Finally, Avian Securities raised shares of Avianca to a “buy” rating and lifted their target price for the company from $8.00 to $11.00 in a research note on Thursday, November 16th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.17.
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Avianca Holdings SA is a 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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