LATAM Airlines Group (OTCMKTS:LTMAQ) Downgraded by Zacks Investment Research to “Sell”

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Zacks Investment Research downgraded shares of LATAM Airlines Group (OTCMKTS:LTMAQ) from a hold rating to a sell rating in a research report released on Wednesday, reports.

According to Zacks, “LATAM Airlines Group S.A. offers domestic and international passenger and cargo air services. The Company operates primarily in Chile, the United States, the South Pacific, Europe and Latin America. LATAM Airlines Group S.A., formerly known as Lan Chile S.A, is headquartered in Santiago, Chile. “

Shares of OTCMKTS LTMAQ opened at $1.66 on Wednesday. LATAM Airlines Group has a 12-month low of $0.60 and a 12-month high of $9.64. The stock has a market cap of $1.01 billion, a PE ratio of -0.29 and a beta of 1.87. The company’s 50-day simple moving average is $1.66.

LATAM Airlines Group (OTCMKTS:LTMAQ) last posted its earnings results on Monday, November 9th. The company reported ($0.87) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.22). The firm had revenue of $405.00 million during the quarter, compared to analyst estimates of $636.00 million. LATAM Airlines Group had a negative net margin of 57.17% and a negative return on equity of 576.37%. On average, analysts predict that LATAM Airlines Group will post -5.9 EPS for the current year.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Europe, Colombia, Brazil, Ecuador, Chile, the Asia Pacific, and rest of Latin America. The company provides passenger transport services to approximately 145 destinations in 26 countries, as well as cargo services to approximately 151 destinations in 29 countries; and operates loyalty programs.

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