LATAM Airlines Group S.A. (NYSE:LTM) Given Consensus Rating of “Hold” by Analysts
Shares of LATAM Airlines Group S.A. (NYSE:LTM) have received a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $10.75.
Several equities research analysts have issued reports on LTM shares. Zacks Investment Research lowered shares of LATAM Airlines Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Goldman Sachs Group Inc raised shares of LATAM Airlines Group from a “sell” rating to a “neutral” rating and boosted their price target for the company from $8.40 to $13.00 in a report on Friday, April 7th. Morgan Stanley lowered shares of LATAM Airlines Group from an “equal weight” rating to an “underweight” rating in a report on Thursday, May 18th. Credit Suisse Group set a $9.00 price target on shares of LATAM Airlines Group and gave the company a “hold” rating in a report on Saturday, March 18th. Finally, TheStreet raised shares of LATAM Airlines Group from a “d+” rating to a “c-” rating in a report on Tuesday, March 28th.
LATAM Airlines Group (NYSE LTM) traded up 1.60% on Friday, hitting $12.04. 395,584 shares of the stock traded hands. LATAM Airlines Group has a 12-month low of $6.61 and a 12-month high of $13.72. The stock has a 50-day moving average of $11.38 and a 200-day moving average of $10.85. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 207.59 and a beta of 1.58.
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LATAM Airlines Group Company Profile
LATAM Airlines Group SA is a Chile-based company, which is engaged in 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. These businesses are performed directly or through its subsidiaries in different countries.
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