LATAM Airlines Group SA Hits New 1-Year Low at $11.46 (LFL)
Shares of LATAM Airlines Group SA (NYSE:LFL) reached a new 52-week low during trading on Wednesday , American Banking News reports. The company traded as low as $11.46 and last traded at $11.50, with a volume of 702,172 shares traded. The stock had previously closed at $11.79.
A number of analysts have recently weighed in on LFL shares. 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 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. Finally, analysts at Raymond James downgraded shares of LATAM Airlines Group SA from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. LATAM Airlines Group SA currently has a consensus rating of “Hold” and a consensus target price of $16.26.
The stock has a 50-day moving average of $12.7 and a 200-day moving average of $14.20. The company’s market cap is $6.307 billion.
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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