Santander Lowers LATAM Airlines Group (LTM) to Hold
LATAM Airlines Group (NYSE:LTM) was downgraded by research analysts at Santander from a “buy” rating to a “hold” rating in a research report issued on Wednesday, The Fly reports.
Several other research analysts have also recently issued reports on LTM. Zacks Investment Research cut LATAM Airlines Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. TheStreet cut LATAM Airlines Group from a “c-” rating to a “d+” rating in a research note on Friday, August 18th. Finally, Bank of America reissued a “neutral” rating on shares of LATAM Airlines Group in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $10.67.
LATAM Airlines Group (NYSE LTM) traded down $0.28 during trading hours on Wednesday, hitting $12.26. The stock had a trading volume of 482,400 shares, compared to its average volume of 472,270. LATAM Airlines Group has a 12 month low of $8.07 and a 12 month high of $15.06. The company has a market capitalization of $7,604.34, a PE ratio of 52.25 and a beta of 1.55.
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About LATAM Airlines Group
LATAM Airlines Group SA is a Chile-based company, which is engaged in passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. These businesses are performed directly or through its subsidiaries in different countries.
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