Zacks Investment Research upgraded shares of Avianca (NYSE:AVH) from a strong sell rating to a hold rating in a research report report published on Monday.

According to Zacks, “Avianca Holdings, S.A. owns and operates airlines. It offers passenger air transportation services and cargo air transportation services. The company provides its services in the domestic markets of Colombia, Ecuador, and Peru, as well as for international routes, such as North America, Central and South America, Europe, and the Caribbean. Avianca Holdings, S.A. is based in Panama. “

Several other research firms also recently weighed in on AVH. TheStreet upgraded Avianca from a d+ rating to a c rating in a research note on Tuesday, December 5th. ValuEngine upgraded Avianca from a buy rating to a strong-buy rating in a research note on Friday, December 1st. Deutsche Bank upgraded Avianca from a hold rating to a buy rating and boosted their price target for the company from $8.00 to $11.00 in a research note on Thursday, November 16th. Finally, Avian Securities upgraded Avianca to a buy rating and boosted their price target for the company from $8.00 to $11.00 in a research note on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and an average target price of $10.17.

Shares of Avianca (AVH) traded down $0.04 during trading hours on Monday, reaching $7.94. The company had a trading volume of 73,900 shares, compared to its average volume of 60,991. Avianca has a 12 month low of $6.37 and a 12 month high of $9.59. The firm has a market cap of $659.15, a price-to-earnings ratio of 10.31 and a beta of 0.87. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 3.63.

Avianca (NYSE:AVH) last announced its earnings results on Tuesday, November 14th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. Avianca had a return on equity of 11.94% and a net margin of 2.12%. equities analysts predict that Avianca will post 0.84 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. OxFORD Asset Management LLP boosted its stake in shares of Avianca by 11.9% in the third quarter. OxFORD Asset Management LLP now owns 104,428 shares of the transportation company’s stock worth $809,000 after buying an additional 11,133 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Avianca by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 104,985 shares of the transportation company’s stock worth $814,000 after buying an additional 16,175 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Avianca by 10.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 310,382 shares of the transportation company’s stock worth $2,017,000 after buying an additional 30,039 shares during the last quarter. Hedge funds and other institutional investors own 4.20% of the company’s stock.

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Avianca Company Profile

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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