Avianca Holdings S.A. (NYSE:AVH) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday.

According to Zacks, “Avianca Holdings, S.A. owns and operates airlines. It offers passenger air transportation services and cargo air transportation services. The company provides its services in the domestic markets of Colombia, Ecuador, and Peru, as well as for international routes, such as North America, Central and South America, Europe, and the Caribbean. Avianca Holdings, S.A. is based in Panama. “

Several other analysts also recently commented on the stock. Deutsche Bank AG downgraded shares of Avianca Holdings from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $10.00 to $8.00 in a research report on Thursday, April 20th. Avian Securities raised their price objective on shares of Avianca Holdings from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, April 20th. UBS Group AG downgraded shares of Avianca Holdings from a “neutral” rating to a “sell” rating in a research report on Wednesday, May 31st. J P Morgan Chase & Co downgraded shares of Avianca Holdings from an “overweight” rating to a “neutral” rating in a research report on Wednesday, May 24th. Finally, BidaskClub raised shares of Avianca Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $9.25.

Avianca Holdings (AVH) traded down 2.60% on Tuesday, hitting $7.12. 73,485 shares of the stock traded hands. Avianca Holdings has a 1-year low of $5.78 and a 1-year high of $10.91. The stock has a 50-day moving average price of $6.84 and a 200 day moving average price of $7.82. The company has a market cap of $887.32 million, a price-to-earnings ratio of 28.71 and a beta of 0.84.

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A number of hedge funds have recently bought and sold shares of AVH. Bank of America Corp DE increased its stake in Avianca Holdings by 33.7% in the first quarter. Bank of America Corp DE now owns 194,162 shares of the transportation company’s stock valued at $1,497,000 after buying an additional 48,887 shares during the last quarter. Renaissance Technologies LLC increased its stake in Avianca Holdings by 95.1% in the first quarter. Renaissance Technologies LLC now owns 598,848 shares of the transportation company’s stock valued at $4,617,000 after buying an additional 291,948 shares during the last quarter. IPG Investment Advisors LLC acquired a new stake in Avianca Holdings during the first quarter valued at about $375,000. Oxford Asset Management acquired a new stake in Avianca Holdings during the first quarter valued at about $590,000. Finally, Russell Investments Group Ltd. increased its stake in Avianca Holdings by 11.1% in the first quarter. Russell Investments Group Ltd. now owns 151,326 shares of the transportation company’s stock valued at $1,167,000 after buying an additional 15,063 shares during the last quarter. 3.06% of the stock is owned by institutional investors and hedge funds.

Avianca Holdings Company Profile

Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.

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