LATAM Airlines Group SA (LFL) Rating Increased to Market Perform at Citigroup Inc.
LATAM Airlines Group SA (NYSE:LFL) was upgraded by equities researchers at Citigroup Inc. to a “market perform” rating in a research note issued on Wednesday, The Fly reports.
Other research analysts also recently issued research reports about the stock. Goldman Sachs Group Inc. downgraded shares of LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and cut their target price for the company from $6.70 to $5.80 in a research note on Tuesday, June 14th. Zacks Investment Research downgraded shares of LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Morgan Stanley upgraded LATAM Airlines Group SA from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $6.50 to $8.80 in a report on Thursday, September 8th. Deutsche Bank AG upgraded LATAM Airlines Group SA from a “hold” rating to a “buy” rating and lifted their price target for the company from $7.00 to $11.00 in a report on Wednesday, July 20th. Finally, Bank of America Corp. upgraded LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.65.
Shares of LATAM Airlines Group SA (NYSE:LFL) traded up 4.65% during mid-day trading on Wednesday, reaching $8.10. 156,245 shares of the company traded hands. The firm’s 50 day moving average price is $8.31 and its 200-day moving average price is $7.28. The company’s market capitalization is $4.42 billion. LATAM Airlines Group SA has a 52-week low of $4.35 and a 52-week high of $9.24.
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Several hedge funds have recently modified their holdings of the company. Profund Advisors LLC boosted its stake in shares of LATAM Airlines Group SA by 19.4% in the second quarter. Profund Advisors LLC now owns 22,620 shares of the company’s stock worth $149,000 after buying an additional 3,676 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of LATAM Airlines Group SA during the second quarter worth about $173,000. Stevens Capital Management LP purchased a new stake in shares of LATAM Airlines Group SA during the second quarter worth about $189,000. Impala Asset Management LLC purchased a new stake in shares of LATAM Airlines Group SA during the second quarter worth about $191,000. Finally, Scotia Capital Inc. purchased a new stake in shares of LATAM Airlines Group SA during the first quarter worth about $224,000. Institutional investors and hedge funds own 3.27% of the company’s stock.
LATAM Airlines Group SA Company Profile
LATAM Airlines Group SA is a Chile-based air transport company. The Company’s principal business is passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania.
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