Shares of Avianca Holdings SA (NYSE:AVH) have received an average recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $0.75.
AVH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of Avianca from a “neutral” rating to an “underweight” rating in a research note on Monday, March 16th. Avian Securities downgraded shares of Avianca from a “neutral” rating to an “underperform” rating in a research note on Monday, April 13th. Zacks Investment Research upgraded shares of Avianca from a “hold” rating to a “buy” rating and set a $1.00 price target on the stock in a research note on Monday, May 25th. Deutsche Bank reduced their price target on shares of Avianca from $2.00 to $0.50 and set a “sell” rating on the stock in a research note on Monday, May 4th. Finally, Citigroup downgraded shares of Avianca from a “neutral” rating to a “sell” rating in a research report on Tuesday, May 12th.
AVH stock opened at $0.88 on Wednesday. Avianca has a 12 month low of $0.62 and a 12 month high of $5.02. The company’s 50-day moving average price is $0.88 and its two-hundred day moving average price is $2.55.
A number of large investors have recently bought and sold shares of AVH. Evolution Wealth Advisors LLC lifted its position in shares of Avianca by 25.0% in the 1st quarter. Evolution Wealth Advisors LLC now owns 378,847 shares of the transportation company’s stock worth $363,000 after purchasing an additional 75,805 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Avianca by 48.7% in the 1st quarter. Thrivent Financial for Lutherans now owns 81,609 shares of the transportation company’s stock worth $78,000 after purchasing an additional 26,744 shares during the period. Finally, Oxford Asset Management LLP acquired a new position in shares of Avianca in the 4th quarter worth approximately $86,000. Institutional investors and hedge funds own 2.21% of the company’s stock.
Avianca Holdings SA, through its subsidiaries, provides passenger and cargo air transportation services in North America, Central America, the Caribbean, Colombia, Europe, South America, and internationally. It also offers aircraft maintenance, crew training, and other airport services to other carriers, as well as travel and cargo related services to its customers.
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