LATAM Airlines Group SA Hits New 52-Week Low at $11.60 (LFL)
LATAM Airlines Group SA (NYSE:LFL) shares hit a new 52-week low on Friday , American Banking and Market News reports. The stock traded as low as $11.60 and last traded at $11.63, with a volume of 448,314 shares trading hands. The stock had previously closed at $11.72.
A number of research firms have recently commented on LFL. Analysts at Bank of America downgraded shares of LATAM Airlines Group SA from a “buy” rating to a “neutral” rating in a research note on Monday, July 21st. Separately, analysts at Zacks upgraded shares of LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 5th. They now have a $14.10 price target on the stock. Finally, analysts at Evercore Partners cut their price target on shares of LATAM Airlines Group SA from $18.00 to $16.00 in a research note on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $15.90.
The stock has a 50-day moving average of $13.17 and a 200-day moving average of $14.44. The company’s market cap is $6.476 billion.
LATAM Airlines Group SA (NYSE:LFL) last announced its earnings results on Wednesday, May 14th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.07. On average, analysts predict that LATAM Airlines Group SA will post $0.49 earnings per share for the current fiscal year.
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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