BidaskClub cut shares of Avianca Holdings S.A. (NYSE:AVH) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Several other brokerages have also recently commented on AVH. Deutsche Bank AG cut shares of Avianca Holdings from a buy rating to a hold rating and dropped their target price for the company from $10.00 to $8.00 in a research report on Thursday, April 20th. Avian Securities upped their target price on shares of Avianca Holdings from $8.00 to $10.00 and gave the company a hold rating in a research report on Thursday, April 20th. Zacks Investment Research upgraded shares of Avianca Holdings from a strong sell rating to a hold rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co cut shares of Avianca Holdings from an overweight rating to a neutral rating in a research report on Wednesday, May 24th. Finally, UBS AG cut shares of Avianca Holdings from a neutral rating to a sell rating in a research report on Wednesday, May 31st. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company has a consensus rating of Hold and an average target price of $9.25.

Avianca Holdings (NYSE:AVH) opened at 7.00 on Friday. The firm has a market capitalization of $872.36 million, a PE ratio of 28.23 and a beta of 0.84. The company has a 50 day moving average price of $6.88 and a 200-day moving average price of $7.39. Avianca Holdings has a one year low of $5.78 and a one year high of $10.91.

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The firm also recently announced an annual dividend, which will be paid on Thursday, August 10th. Shareholders of record on Thursday, July 27th will be given a dividend of $0.09 per share. This is a boost from Avianca Holdings’s previous annual dividend of $0.03. The ex-dividend date of this dividend is Tuesday, July 25th. This represents a dividend yield of 1.42%. Avianca Holdings’s payout ratio is presently 18.37%.

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its stake in Avianca Holdings by 11.1% in the first quarter. Russell Investments Group Ltd. now owns 151,326 shares of the transportation company’s stock worth $1,167,000 after buying an additional 15,063 shares in the last quarter. IPG Investment Advisors LLC purchased a new stake in Avianca Holdings during the first quarter worth approximately $375,000. Bank of America Corp DE boosted its stake in Avianca Holdings by 33.7% in the first quarter. Bank of America Corp DE now owns 194,162 shares of the transportation company’s stock worth $1,497,000 after buying an additional 48,887 shares in the last quarter. Oxford Asset Management purchased a new stake in Avianca Holdings during the first quarter worth approximately $590,000. Finally, James Investment Research Inc. boosted its stake in Avianca Holdings by 62.4% in the first quarter. James Investment Research Inc. now owns 350,918 shares of the transportation company’s stock worth $2,706,000 after buying an additional 134,778 shares in the last quarter. Institutional investors and hedge funds own 2.83% of the company’s stock.

Avianca Holdings Company Profile

Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.

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