Zacks Research Downgrades LATAM Airlines Group (NYSE:LTM) to Hold

LATAM Airlines Group (NYSE:LTMGet Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, LATAM Airlines Group presently has a consensus rating of “Buy” and an average target price of $38.00.

Check Out Our Latest Analysis on LTM

LATAM Airlines Group Price Performance

Shares of LTM stock opened at $45.25 on Monday. The firm has a 50-day moving average of $46.08 and a 200-day moving average of $39.04. The company has a market cap of $13.68 billion, a P/E ratio of 11.63, a P/E/G ratio of 0.43 and a beta of 3.59. LATAM Airlines Group has a one year low of $24.38 and a one year high of $52.54.

Hedge Funds Weigh In On LATAM Airlines Group

Large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership bought a new position in shares of LATAM Airlines Group in the second quarter valued at approximately $17,317,000. Marshall Wace LLP bought a new position in shares of LATAM Airlines Group in the second quarter valued at approximately $12,308,000. BNP Paribas Financial Markets boosted its position in shares of LATAM Airlines Group by 562.0% in the second quarter. BNP Paribas Financial Markets now owns 331,959 shares of the transportation company’s stock valued at $13,491,000 after acquiring an additional 281,816 shares during the period. Aubrey Capital Management Ltd bought a new position in shares of LATAM Airlines Group in the first quarter valued at approximately $8,802,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of LATAM Airlines Group by 101.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 309,213 shares of the transportation company’s stock valued at $12,566,000 after acquiring an additional 155,553 shares during the period.

About LATAM Airlines Group

(Get Free Report)

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 operates in two segments, Air Transportation; and Multiplus Coalition and Loyalty Program.

Further Reading

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