LATAM Airlines Group SA (NYSE:LFL) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $8.53.

Several brokerages have issued reports on LFL. Zacks Investment Research downgraded LATAM Airlines Group SA from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Morgan Stanley upgraded LATAM Airlines Group SA from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $6.50 to $8.80 in a report on Thursday, September 8th. Raymond James Financial Inc. upgraded LATAM Airlines Group SA from an “underperform” rating to a “market perform” rating in a report on Wednesday, September 21st. Citigroup Inc. upgraded LATAM Airlines Group SA to a “market perform” rating in a report on Wednesday, September 21st. Finally, Santander upgraded LATAM Airlines Group SA from a “hold” rating to a “buy” rating in a report on Friday, October 21st.

LATAM Airlines Group SA (NYSE:LFL) traded up 0.12% during midday trading on Monday, reaching $8.66. The company had a trading volume of 139,445 shares. The company’s market cap is $4.72 billion. The company’s 50-day moving average is $9.13 and its 200 day moving average is $7.96. LATAM Airlines Group SA has a 52-week low of $4.35 and a 52-week high of $9.93.

Several hedge funds and other institutional investors have recently bought and sold shares of LFL. Credit Suisse AG boosted its position in shares of LATAM Airlines Group SA by 172.7% in the third quarter. Credit Suisse AG now owns 557,142 shares of the company’s stock valued at $4,525,000 after buying an additional 352,816 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of LATAM Airlines Group SA by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,526,707 shares of the company’s stock valued at $36,475,000 after buying an additional 273,844 shares during the period. Acadian Asset Management LLC boosted its position 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. D. E. Shaw & Co. Inc. bought a new position in shares of LATAM Airlines Group SA during the third quarter valued at approximately $1,671,000. Finally, BlackRock Fund Advisors boosted its position in shares of LATAM Airlines Group SA by 13.3% in the third quarter. BlackRock Fund Advisors now owns 873,679 shares of the company’s stock valued at $7,094,000 after buying an additional 102,809 shares during the period. Institutional investors and hedge funds own 3.46% of the company’s stock.

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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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