LATAM Airlines Group SA (NYSE:LFL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $11.00 price objective on the stock. Zacks Investment Research’s price target indicates a potential upside of 19.05% from the company’s previous close.

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. “

Several other equities analysts have also recently weighed in on the company. Santander upgraded LATAM Airlines Group SA from a “hold” rating to a “buy” rating in a research report on Friday, October 21st. Raymond James Financial Inc. upgraded LATAM Airlines Group SA from an “underperform” rating to a “market perform” rating in a research report on Wednesday, September 21st. Citigroup Inc. upgraded LATAM Airlines Group SA to a “market perform” rating in a research report on Wednesday, September 21st. Morgan Stanley upgraded LATAM Airlines Group SA from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $6.50 to $8.80 in a research report on Thursday, September 8th. Finally, Deutsche Bank AG upgraded LATAM Airlines Group SA from a “hold” rating to a “buy” rating and lifted their price target for the company from $7.00 to $11.00 in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. LATAM Airlines Group SA presently has a consensus rating of “Hold” and a consensus price target of $9.15.

Analyst Recommendations for LATAM Airlines Group SA (NYSE:LFL)

LATAM Airlines Group SA (NYSE:LFL) opened at 9.24 on Wednesday. The company’s 50 day moving average is $8.97 and its 200-day moving average is $7.82. The stock’s market cap is $5.04 billion. LATAM Airlines Group SA has a 1-year low of $4.35 and a 1-year high of $9.93.

A number of large investors have recently modified their holdings of LFL. Canada Pension Plan Investment Board raised its stake in shares of LATAM Airlines Group SA by 227.3% in the first quarter. Canada Pension Plan Investment Board now owns 71,998 shares of the company’s stock valued at $504,000 after buying an additional 50,000 shares during the period. A.R.T. Advisors LLC raised its stake in shares of LATAM Airlines Group SA by 259.7% in the first quarter. A.R.T. Advisors LLC now owns 69,942 shares of the company’s stock valued at $489,000 after buying an additional 50,500 shares during the period. Acadian Asset Management LLC raised its stake in shares of LATAM Airlines Group SA by 69.7% in the second quarter. Acadian Asset Management LLC now owns 606,047 shares of the company’s stock valued at $4,001,000 after buying an additional 248,830 shares during the period. World Asset Management Inc raised its stake in shares of LATAM Airlines Group SA by 8.1% in the second quarter. World Asset Management Inc now owns 33,865 shares of the company’s stock valued at $224,000 after buying an additional 2,544 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of LATAM Airlines Group SA during the second quarter valued at about $303,000. 3.23% of the stock is owned by hedge funds and other institutional investors.

About LATAM Airlines Group SA

LATAM Airlines Group SA 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.

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