LATAM Airlines Group (LTM) Rating Increased to C at TheStreet

LATAM Airlines Group (NYSE:LTM) was upgraded by research analysts at TheStreet from a “d+” rating to a “c” rating in a report issued on Thursday, November 16th.

A number of other brokerages also recently commented on LTM. Zacks Investment Research downgraded shares of LATAM Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 7th. Bank of America restated a “neutral” rating on shares of LATAM Airlines Group in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.67.

Shares of LATAM Airlines Group (NYSE:LTM) traded down $0.04 during midday trading on Thursday, reaching $12.54. The company’s stock had a trading volume of 642,698 shares, compared to its average volume of 472,227. LATAM Airlines Group has a 52 week low of $8.07 and a 52 week high of $15.06. The stock has a market capitalization of $7,628.60, a price-to-earnings ratio of 52.42 and a beta of 1.55.

A number of institutional investors have recently modified their holdings of the business. FNY Partners Fund LP acquired a new stake in LATAM Airlines Group during the third quarter worth approximately $139,000. SG Americas Securities LLC raised its stake in shares of LATAM Airlines Group by 6.6% in the 2nd quarter. SG Americas Securities LLC now owns 13,122 shares of the transportation company’s stock valued at $145,000 after acquiring an additional 809 shares during the period. First Trust Advisors LP purchased a new position in shares of LATAM Airlines Group in the 3rd quarter valued at $209,000. Global X Management Co. LLC raised its stake in shares of LATAM Airlines Group by 6.5% in the 2nd quarter. Global X Management Co. LLC now owns 17,087 shares of the transportation company’s stock valued at $189,000 after acquiring an additional 1,040 shares during the period. Finally, KCG Holdings Inc. increased its stake in LATAM Airlines Group by 58.9% during the 1st quarter. KCG Holdings Inc. now owns 18,758 shares of the transportation company’s stock worth $238,000 after buying an additional 6,953 shares during the period. 3.11% of the stock is owned by institutional investors.

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LATAM Airlines Group Company Profile

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.

Analyst Recommendations for LATAM Airlines Group (NYSE:LTM)

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