LATAM Airlines Group SA (NYSE:LFL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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. “

LFL has been the topic of a number of other research reports. Deutsche Bank AG raised LATAM Airlines Group SA from a “hold” rating to a “buy” rating and boosted their target price for the company from $7.00 to $11.00 in a research report on Wednesday, July 20th. Morgan Stanley raised LATAM Airlines Group SA from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $6.50 to $8.80 in a research report on Thursday, September 8th. Raymond James Financial Inc. raised LATAM Airlines Group SA from an “underperform” rating to a “market perform” rating in a research report on Wednesday, September 21st. Citigroup Inc. raised LATAM Airlines Group SA to a “market perform” rating in a research report on Wednesday, September 21st. Finally, Santander raised LATAM Airlines Group SA from a “hold” rating to a “buy” rating in a research report on Friday, October 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. LATAM Airlines Group SA presently has a consensus rating of “Hold” and a consensus target price of $9.15.

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

LATAM Airlines Group SA (NYSE:LFL) opened at 8.86 on Tuesday. The company has a 50-day moving average price of $9.04 and a 200-day moving average price of $7.88. The stock’s market cap is $4.83 billion. LATAM Airlines Group SA has a 52 week low of $4.35 and a 52 week high of $9.93.

Institutional investors have recently modified their holdings of the company. Global X Management Co. LLC increased its position in shares of LATAM Airlines Group SA by 0.4% in the third quarter. Global X Management Co. LLC now owns 13,128 shares of the company’s stock worth $107,000 after buying an additional 52 shares during the last quarter. KCG Holdings Inc. increased its position in shares of LATAM Airlines Group SA by 6.0% in the third quarter. KCG Holdings Inc. now owns 15,243 shares of the company’s stock worth $124,000 after buying an additional 865 shares during the last quarter. Northern Trust Corp increased its position in shares of LATAM Airlines Group SA by 0.7% in the third quarter. Northern Trust Corp now owns 146,833 shares of the company’s stock worth $1,193,000 after buying an additional 1,043 shares during the last quarter. Capstone Asset Management Co. increased its position in LATAM Airlines Group SA by 3.9% in the third quarter. Capstone Asset Management Co. now owns 41,455 shares of the company’s stock valued at $337,000 after buying an additional 1,570 shares in the last quarter. Finally, World Asset Management Inc increased its position in 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 in the last quarter. Hedge funds and other institutional investors own 3.20% of the company’s stock.

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.

5 Day Chart for NYSE:LFL

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