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.

A number of hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its stake in LATAM Airlines Group by 6.6% during the second quarter. SG Americas Securities LLC now owns 13,122 shares of the transportation company’s stock valued at $145,000 after buying an additional 809 shares in the last quarter. World Asset Management Inc boosted its stake in LATAM Airlines Group by 2.6% during the second quarter. World Asset Management Inc now owns 35,713 shares of the transportation company’s stock valued at $395,000 after buying an additional 914 shares in the last quarter. Global X Management Co. LLC boosted its stake in LATAM Airlines Group by 6.5% during the second quarter. Global X Management Co. LLC now owns 17,087 shares of the transportation company’s stock valued at $189,000 after buying an additional 1,040 shares in the last quarter. Comerica Bank boosted its stake in LATAM Airlines Group by 4.2% during the second quarter. Comerica Bank now owns 32,595 shares of the transportation company’s stock valued at $389,000 after buying an additional 1,316 shares in the last quarter. Finally, FNY Partners Fund LP purchased a new stake in shares of LATAM Airlines Group during the third quarter valued at $139,000. 3.11% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Santander Lowers LATAM Airlines Group (LTM) to Hold” was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/12/06/santander-lowers-latam-airlines-group-ltm-to-hold.html.

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.

The Fly

Analyst Recommendations for LATAM Airlines Group (NYSE:LTM)

Receive News & Ratings for LATAM Airlines Group S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LATAM Airlines Group S.A. and related companies with MarketBeat.com's FREE daily email newsletter.