LATAM Airlines Group SA (ADR) Downgraded to “Neutral” at UBS AG (LFL)
LATAM Airlines Group SA (ADR) (NYSE:LFL) was downgraded by equities researchers at UBS AG from a “buy” rating to a “neutral” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
Shares of LATAM Airlines Group SA (NYSE:LFL) traded down 0.32% on Monday, hitting $15.55. The stock had a trading volume of 361,033 shares. LATAM Airlines Group SA has a 52-week low of $11.62 and a 52-week high of $20.34. The stock has a 50-day moving average of $15.17 and a 200-day moving average of $15.40. The company’s market cap is $8.323 billion.
LATAM Airlines Group SA (ADR) (NYSE:LFL) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.04. Analysts expect that LATAM Airlines Group SA will post $0.76 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of LATAM Airlines Group SA (ADR) from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 6th. They now have a $14.40 price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of LATAM Airlines Group SA (ADR) from $18.00 to $17.50 in a research note on Monday, March 31st. Finally, analysts at Raymond James downgraded shares of LATAM Airlines Group SA (ADR) from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.35.
Latam Airlines Group SA is a Chile-based airline company. The Company and its affiliates provides domestic and international passenger services, as well as freight cargo services in Chile, Peru, Argentina, Colombia and Ecuador with a wide range of routes around America, Europe and Oceania.
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