Raymond James upgraded LATAM Airlines Group SA (NYSE:LFL) from Underperform to Market Perform in a statement released earlier today.
- Updated: September 25, 2016
Raymond James has upgraded LATAM Airlines Group SA (NYSE:LFL) from Underperform to Market Perform in a statement released on 9/21/2016.
Having a price of $7.74, LATAM Airlines Group SA (NYSE:LFL) traded -2.15% lower on the day. With the last close 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 time period. LFL has recorded a 50-day moving average of $8.28 and a 200-day moving average of $7.30. 404,076 shares of the stock were exchanged, down from an average trading volume of 677,792
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LATAM Airlines Group SA has a 52 week low of $4.35 and a 52 week high of $9.24 The company’s market cap is currently $0.
In addition to Raymond James reporting its stock price target, a total of 15 brokerages have issued a ratings update on the stock. The consensus target price is $6.34 with one analyst rating the company a strong buy, one brokerage rating the company a buy, 8 firms rating the stock a hold, 5 brokers rating the company a underperform, and lastly one firm rating the stock a sell.
About LATAM Airlines Group SA (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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