Avianca (NYSE:AVH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

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 analysts have also weighed in on the stock. Deutsche Bank upgraded shares of Avianca from a “hold” rating to a “buy” rating and raised their target price for the company from $8.00 to $11.00 in a research report on Thursday, November 16th. Avian Securities upgraded shares of Avianca to a “buy” rating and raised their target price for the company from $8.00 to $11.00 in a research report on Thursday, November 16th. TheStreet upgraded shares of Avianca from a “d+” rating to a “c” rating in a research report on Tuesday, December 5th. Finally, ValuEngine upgraded shares of Avianca from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Avianca currently has a consensus rating of “Hold” and a consensus target price of $10.17.

Avianca (NYSE AVH) remained flat at $$8.02 during midday trading on Monday. The company had a trading volume of 25,800 shares, compared to its average volume of 60,911. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 3.63. The firm has a market cap of $662.45, a price-to-earnings ratio of 10.42 and a beta of 0.87. Avianca has a 52-week low of $6.37 and a 52-week high of $9.97.

Avianca (NYSE:AVH) last issued its earnings results on Tuesday, November 14th. The transportation company reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. Avianca had a net margin of 2.12% and a return on equity of 11.94%. equities research analysts forecast that Avianca will post 0.84 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. OxFORD Asset Management LLP boosted its position in Avianca by 11.9% in the third quarter. OxFORD Asset Management LLP now owns 104,428 shares of the transportation company’s stock valued at $809,000 after buying an additional 11,133 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Avianca by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 104,985 shares of the transportation company’s stock valued at $814,000 after acquiring an additional 16,175 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of 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 acquiring an additional 30,039 shares during the last quarter. Hedge funds and other institutional investors own 4.20% of the company’s stock.

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About Avianca

Avianca Holdings SA is a 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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