Avianca Holdings SA (ADR) (NYSE:AVH) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded Avianca Holdings SA (ADR) (NYSE:AVH) to Hold in a statement released on 11/29/2016.
On 2/04/2016, UBS Securities released a statement for Avianca Holdings SA (ADR) (NYSE:AVH) bumped down the target price from $7.00 to $5.00 that suggested an upside of 0.22%.
Boasting a price of $6.99, Avianca Holdings SA (ADR) (NYSE:AVH) traded 1.75% higher on the day. With the last stock price close up 8.21% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Avianca Holdings SA (ADR) has recorded a 50-day average of $6.72 and a two hundred day average of $6.46. Volume of trade was down over the average, with 119,889 shares of AVH changing hands under the typical 134,080
With a total market value of $0, Avianca Holdings SA (ADR) has with a one year low of $3.40 and a one year high of $7.65 .
More About Avianca Holdings SA (ADR) (NYSE:AVH)
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. In addition, through codeshare agreements, the Company is active in the operation of other international passenger air routes. As of December 31, 2011, the Company owned such subsidiaries as Latin Airways Corporation and LifeMiles Corporation, among others. On December 28, 2012, the merger of subsidiaries Latin Airways Corporation, as absorbing company, with Synergy Ocean Air Colombia SAS and Soac 2 SAS was formalized. On June 18, 2013, the Company received the first out of 15 ATR 72-600, a turbo-propelled aircraft from ATR, a company engaged in regional aircraft.
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