Avianca Holdings S.A. (NYSE:AVH) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

A number of other brokerages also recently weighed in on AVH. Zacks Investment Research downgraded shares of Avianca Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 18th. BidaskClub upgraded shares of Avianca Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. 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, UBS AG downgraded shares of Avianca Holdings from a “neutral” rating to a “sell” rating in a research report on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $9.25.

Shares of Avianca Holdings (NYSE AVH) traded up 0.36% on Thursday, hitting $8.27. The stock had a trading volume of 148,278 shares. The firm has a market cap of $1.03 billion, a P/E ratio of 17.52 and a beta of 0.85. Avianca Holdings has a 12 month low of $6.13 and a 12 month high of $10.91. The firm’s 50-day moving average price is $7.33 and its 200 day moving average price is $7.22.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IPG Investment Advisors LLC acquired a new position in shares of Avianca Holdings during the 1st quarter worth about $375,000. JPMorgan Chase & Co. raised its position in shares of Avianca Holdings by 23.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 88,810 shares of the transportation company’s stock worth $577,000 after purchasing an additional 17,008 shares during the last quarter. Oxford Asset Management acquired a new position in shares of Avianca Holdings during the 1st quarter worth about $590,000. OxFORD Asset Management LLP raised its position in shares of Avianca Holdings by 21.9% during the 2nd quarter. OxFORD Asset Management LLP now owns 93,295 shares of the transportation company’s stock worth $606,000 after purchasing an additional 16,772 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Avianca Holdings by 11.1% during the 1st quarter. Russell Investments Group Ltd. now owns 151,326 shares of the transportation company’s stock worth $1,167,000 after purchasing an additional 15,063 shares during the last quarter. Hedge funds and other institutional investors own 2.80% of the company’s stock.

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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