Avianca Holdings S.A. (AVH) Given Consensus Recommendation of “Hold” by Analysts

Shares of Avianca Holdings S.A. (NYSE:AVH) have been given an average rating of “Hold” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $11.00.

A number of research firms have recently weighed in on AVH. ValuEngine upgraded shares of Avianca from a “buy” rating to a “strong-buy” rating in a research note on Friday. Deutsche Bank upgraded shares of Avianca from a “hold” rating to a “buy” rating and increased their price objective for the stock from $8.00 to $11.00 in a research note on Thursday, November 16th. Avian Securities upgraded shares of Avianca to a “buy” rating and increased their price objective for the stock from $8.00 to $11.00 in a research note on Thursday, November 16th. Zacks Investment Research lowered shares of Avianca from a “buy” rating to a “strong sell” rating in a research note on Monday, November 6th. Finally, BidaskClub upgraded shares of Avianca from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd.

Avianca (AVH) traded up $0.08 during trading hours on Friday, hitting $7.78. 59,580 shares of the stock were exchanged, compared to its average volume of 131,622. The firm has a market capitalization of $330.83, a price-to-earnings ratio of 8.29 and a beta of 0.82. Avianca has a 1 year low of $6.37 and a 1 year high of $10.91. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.65 and a quick ratio of 0.60.

The company also recently declared an annual dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 24th were given a dividend of $0.1049 per share. This represents a yield of 1.35%. The ex-dividend date of this dividend was Monday, October 23rd. This is a positive change from Avianca’s previous annual dividend of $0.09. Avianca’s dividend payout ratio (DPR) is currently 20.00%.

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in Avianca 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 buying an additional 17,008 shares during the period. OxFORD Asset Management LLP grew its position in Avianca 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 buying an additional 16,772 shares during the period. Bank of America Corp DE grew its position in Avianca 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 buying an additional 48,887 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Avianca 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 buying an additional 30,039 shares during the period. Finally, Renaissance Technologies LLC grew its position in Avianca 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 buying an additional 291,948 shares during the period. Institutional investors own 4.20% of the company’s stock.

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Avianca 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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