Avianca Holdings S.A. (NYSE:AVH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday. The firm currently has a $8.50 price objective on the transportation company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 14.86% from the company’s current price.

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. “

A number of other research analysts have also recently commented on AVH. BidaskClub upgraded Avianca Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. ValuEngine raised Avianca Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $8.83.

Shares of Avianca Holdings (AVH) traded down 0.40% during midday trading on Tuesday, hitting $7.40. 227,250 shares of the stock traded hands. The stock has a 50 day moving average of $7.84 and a 200 day moving average of $7.27. The company has a market capitalization of $922.21 million, a P/E ratio of 15.68 and a beta of 0.86. Avianca Holdings has a 1-year low of $6.18 and a 1-year high of $10.91.

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Several hedge funds have recently made changes to their positions in AVH. Renaissance Technologies LLC boosted its stake in shares of Avianca Holdings by 95.1% during the first quarter. Renaissance Technologies LLC now owns 598,848 shares of the transportation company’s stock valued at $4,617,000 after purchasing an additional 291,948 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Avianca Holdings by 33.7% during 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 purchasing an additional 48,887 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Avianca Holdings by 10.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 310,382 shares of the transportation company’s stock valued at $2,017,000 after purchasing an additional 30,039 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Avianca Holdings by 23.7% during the second quarter. JPMorgan Chase & Co. now owns 88,810 shares of the transportation company’s stock valued at $577,000 after purchasing an additional 17,008 shares in the last quarter. Finally, OxFORD Asset Management LLP boosted its stake in shares of Avianca Holdings by 21.9% during the second quarter. OxFORD Asset Management LLP now owns 93,295 shares of the transportation company’s stock valued at $606,000 after purchasing an additional 16,772 shares in the last quarter. 2.77% of the stock is currently owned by hedge funds and other institutional investors.

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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