Trade Report: Today: LATAM Airlines Group SA (LFL) Given Average Recommendation of “Hold” by Brokerages

Today: LATAM Airlines Group SA (LFL) Given Average Recommendation of “Hold” by Brokerages

LATAM Airlines Group SA (NYSE:LFL) has received a consensus rating of “Hold” from the nine analysts that are presently covering the company. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $8.53.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Morgan Stanley raised LATAM Airlines Group SA from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $6.50 to $8.80 in a report on Thursday, September 8th. Raymond James Financial Inc. raised LATAM Airlines Group SA from an “underperform” rating to a “market perform” rating in a report on Wednesday, September 21st. Citigroup Inc. raised LATAM Airlines Group SA to a “market perform” rating in a report on Wednesday, September 21st. Finally, Santander raised LATAM Airlines Group SA from a “hold” rating to a “buy” rating in a report on Friday, October 21st.

LATAM Airlines Group SA (NYSE:LFL) traded up 0.12% during trading on Monday, reaching $8.66. The company’s stock had a trading volume of 139,445 shares. The company’s market cap is $4.72 billion. The stock’s 50 day moving average is $9.13 and its 200 day moving average is $7.96. LATAM Airlines Group SA has a 12 month low of $4.35 and a 12 month high of $9.93.

A number of institutional investors have recently bought and sold shares of the stock. Global X Management Co. LLC increased its position in LATAM Airlines Group SA by 0.4% in the third quarter. Global X Management Co. LLC now owns 13,128 shares of the company’s stock valued at $107,000 after buying an additional 52 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in LATAM Airlines Group SA during the third quarter valued at about $115,000. KCG Holdings Inc. increased its stake in LATAM Airlines Group SA by 6.0% in the third quarter. KCG Holdings Inc. now owns 15,243 shares of the company’s stock valued at $124,000 after buying an additional 865 shares in the last quarter. Two Sigma Securities LLC bought a new stake in LATAM Airlines Group SA during the third quarter valued at about $132,000. Finally, Profund Advisors LLC increased its stake in LATAM Airlines Group SA by 19.4% in the second quarter. Profund Advisors LLC now owns 22,620 shares of the company’s stock valued at $149,000 after buying an additional 3,676 shares in the last quarter. Institutional investors and hedge funds own 3.46% of the company’s stock.

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