LATAM Airlines Group SA (ADR) (NYSE:LFL) has been upgraded to Market Perform in a statement by Raymond James Financial Inc. earlier today.
- Updated: September 24, 2016
Raymond James Financial Inc. has upgraded LATAM Airlines Group SA (ADR) (NYSE:LFL) to Market Perform in a statement released on 9/21/2016.
Having a price of $7.74, LATAM Airlines Group SA (ADR) (NYSE:LFL) traded -2.15% lower on the day. With the last stock price up 12.29% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. LFL has recorded a 50-day average of $8.28 and a two hundred day average of $7.30. Trade Volume was down over the average, with 404,076 shares of LFL changing hands under the typical 677,792
Recent Performance Chart
LATAM Airlines Group SA (ADR) has with a one year low of $4.35 and a one year high of $9.24 and has a market capitalization of $0.
A total of 15 brokerages have released a report on LATAM Airlines Group SA (ADR). One brokerage rating the company a strong buy, one brokerage rating the company a buy, eight brokerages rating the company a hold, five brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $6.34.
General Company Details For LATAM Airlines Group SA (ADR) (NYSE:LFL)
LATAM Airlines Group S.A. 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. These businesses are performed directly or through its subsidiaries in different countries. In addition, the Company has subsidiaries operating in the freight business in Mexico, Brazil and Colombia. The Company operates through two segments: the air transportation business, and the coalition and loyalty program Multiplus. The Company's Air transport segment corresponds to the route network for air transport. The Company's segment of loyalty coalition called Multiplus is a frequent flyer program, which operates as a unilateral system of loyalty that offers a flexible coalition system. The Company operates a fleet, which is composed of over 327 aircrafts.
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