LATAM Airlines Group (NYSE:LTM) Earns Coverage Optimism Rating of 0.38

Press coverage about LATAM Airlines Group (NYSE:LTM) has trended positive on Tuesday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LATAM Airlines Group earned a media sentiment score of 0.38 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 45.8120484293745 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

A number of equities analysts recently weighed in on LTM shares. Bank of America restated a “neutral” rating on shares of LATAM Airlines Group in a report on Tuesday, October 24th. Santander downgraded shares of LATAM Airlines Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Citigroup downgraded shares of LATAM Airlines Group from a “neutral” rating to a “sell” rating in a report on Wednesday, February 7th. Zacks Investment Research raised shares of LATAM Airlines Group from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, December 26th. Finally, TheStreet raised shares of LATAM Airlines Group from a “d+” rating to a “c” rating in a research report on Thursday, November 16th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.67.

Shares of LATAM Airlines Group (LTM) traded down $0.09 during trading on Tuesday, hitting $15.68. 59,148 shares of the stock were exchanged, compared to its average volume of 437,431. The company has a market capitalization of $9,381.12, a PE ratio of 65.25 and a beta of 1.73. LATAM Airlines Group has a 52 week low of $9.79 and a 52 week high of $17.39.

LATAM Airlines Group (NYSE:LTM) last announced its earnings results on Thursday, November 16th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.62 billion. LATAM Airlines Group had a net margin of 1.51% and a return on equity of 3.36%. analysts expect that LATAM Airlines Group will post 0.35 EPS for the current fiscal year.

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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.

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