Shares of LATAM Airlines Group SA (NYSE:LFL) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $8.53.

LFL has been the topic of a number of recent research reports. Zacks Investment Research cut shares of LATAM Airlines Group SA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 16th. Goldman Sachs Group Inc. cut shares of LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $6.70 to $5.80 in a research report on Tuesday, June 14th. Citigroup Inc. cut shares of LATAM Airlines Group SA from a “buy” rating to a “neutral” rating in a report on Monday, August 1st. Bank of America Corp. raised shares of LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a report on Monday, July 11th. Finally, Deutsche Bank AG raised shares of LATAM Airlines Group SA from a “hold” rating to a “buy” rating and upped their price target for the company from $7.00 to $11.00 in a report on Wednesday, July 20th.

Shares of LATAM Airlines Group SA (NYSE:LFL) traded down 0.51% during mid-day trading on Monday, hitting $7.76. 114,500 shares of the stock traded hands. The firm’s 50 day moving average price is $8.45 and its 200-day moving average price is $7.22. LATAM Airlines Group SA has a 12-month low of $4.35 and a 12-month high of $9.24. The stock’s market cap is $4.23 billion.

Hedge funds have recently modified their holdings of the company. Profund Advisors LLC boosted its stake in shares of LATAM Airlines Group SA by 19.4% in the second quarter. Profund Advisors LLC now owns 22,620 shares of the company’s stock worth $149,000 after buying an additional 3,676 shares during the period. Jane Street Group LLC acquired a new stake in shares of LATAM Airlines Group SA during the second quarter worth $173,000. Stevens Capital Management LP acquired a new stake in shares of LATAM Airlines Group SA during the second quarter worth $189,000. Impala Asset Management LLC acquired a new stake in shares of LATAM Airlines Group SA during the second quarter worth $191,000. Finally, Scotia Capital Inc. acquired a new stake in shares of LATAM Airlines Group SA during the first quarter worth $224,000. 3.27% of the stock is currently owned by institutional investors.

LATAM Airlines Group SA Company Profile

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

Receive News & Ratings for LATAM Airlines Group SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LATAM Airlines Group SA and related companies with Analyst Ratings Network's FREE daily email newsletter.