Raymond James Financial Inc. upgraded shares of LATAM Airlines Group SA (NYSE:LFL) from an underperform rating to a market perform rating in a research note released on Wednesday.

Analyst Recommendations for LATAM Airlines Group SA (NYSE:LFL)

A number of other equities analysts have also weighed in on the company. Citigroup Inc. upgraded LATAM Airlines Group SA to a market perform rating in a research report on Wednesday. Zacks Investment Research upgraded LATAM Airlines Group SA from a strong sell rating to a hold rating in a research report on Saturday, September 10th. Morgan Stanley upgraded LATAM Airlines Group SA from an underweight rating to an equal weight rating and raised their price objective for the stock from $6.50 to $8.80 in a research report on Thursday, September 8th. Deutsche Bank AG upgraded LATAM Airlines Group SA from a hold rating to a buy rating and raised their price objective for the stock from $7.00 to $11.00 in a research report on Wednesday, July 20th. Finally, Bank of America Corp. upgraded LATAM Airlines Group SA from an underperform rating to a neutral rating in a research report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $8.65.

LATAM Airlines Group SA (NYSE:LFL) traded up 3.27% during trading on Wednesday, reaching $8.53. The company’s stock had a trading volume of 64,187 shares. The firm’s market capitalization is $4.65 billion. The stock’s 50-day moving average is $8.31 and its 200 day moving average is $7.29. LATAM Airlines Group SA has a 52-week low of $4.35 and a 52-week high of $9.24.

Large investors have recently bought and sold shares of the company. BlackRock Fund Advisors increased its stake in LATAM Airlines Group SA by 4.1% in the first quarter. BlackRock Fund Advisors now owns 719,385 shares of the company’s stock worth $5,036,000 after buying an additional 28,409 shares during the period. Exane Derivatives increased its stake in LATAM Airlines Group SA by 3.9% in the first quarter. Exane Derivatives now owns 48,083 shares of the company’s stock worth $337,000 after buying an additional 1,827 shares during the period. A.R.T. Advisors LLC increased its stake in LATAM Airlines Group SA by 259.7% in the first quarter. A.R.T. Advisors LLC now owns 69,942 shares of the company’s stock worth $489,000 after buying an additional 50,500 shares during the period. Acadian Asset Management LLC increased its stake in LATAM Airlines Group SA by 69.7% in the second quarter. Acadian Asset Management LLC now owns 606,047 shares of the company’s stock worth $4,001,000 after buying an additional 248,830 shares during the period. Finally, State Street Corp increased its stake in LATAM Airlines Group SA by 4.9% in the first quarter. State Street Corp now owns 1,005,684 shares of the company’s stock worth $7,040,000 after buying an additional 46,940 shares during the period. 3.27% of the stock is owned by institutional investors.

About LATAM Airlines Group SA

LATAM Airlines Group SA is a Chile-based air transport company. The Company’s principal business is 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.

5 Day Chart for NYSE:LFL

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