Avianca Holdings S.A. (NYSE:AVH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research 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. “

Other research analysts also recently issued reports about the company. Deutsche Bank AG downgraded Avianca Holdings from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $10.00 to $8.00 in a research note on Thursday, April 20th. Avian Securities upped their price objective on Avianca Holdings from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, April 20th. BidaskClub upgraded Avianca Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. J P Morgan Chase & Co downgraded Avianca Holdings from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 24th. Finally, UBS AG downgraded Avianca Holdings from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.25.

Avianca Holdings (AVH) traded up 3.28% during trading on Tuesday, reaching $7.23. 73,669 shares of the company were exchanged. The firm’s 50 day moving average is $6.83 and its 200 day moving average is $7.49. Avianca Holdings has a 52-week low of $5.78 and a 52-week high of $10.91. The stock has a market capitalization of $901.02 million, a PE ratio of 29.15 and a beta of 0.84.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVH. Dynamic Technology Lab Private Ltd acquired a new position in Avianca Holdings during the second quarter valued at about $133,000. Renaissance Technologies LLC boosted its position in Avianca Holdings by 109.2% in the first quarter. Renaissance Technologies LLC now owns 29,700 shares of the transportation company’s stock valued at $148,000 after buying an additional 15,500 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in Avianca Holdings during the first quarter valued at about $163,000. Cavalier Investments LLC acquired a new position in Avianca Holdings during the fourth quarter valued at about $203,000. Finally, Trexquant Investment LP acquired a new position in Avianca Holdings during the fourth quarter valued at about $222,000. 2.98% of the stock is owned by institutional investors.

About Avianca Holdings

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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