Avianca Holdings S.A. (NYSE:AVH) Upgraded to Hold at BidaskClub
Avianca Holdings S.A. (NYSE:AVH) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, July 11th.
Several other analysts have also recently commented on the company. UBS AG cut Avianca Holdings from a “neutral” rating to a “sell” rating in a report on Wednesday, May 31st. J P Morgan Chase & Co cut Avianca Holdings from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 24th. Zacks Investment Research upgraded Avianca Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 9th. Deutsche Bank AG lowered Avianca Holdings from a “buy” rating to a “hold” rating and reduced their price objective for the company from $10.00 to $8.00 in a research note on Thursday, April 20th. Finally, Avian Securities lifted their price objective on Avianca Holdings from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, April 20th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.25.
Shares of Avianca Holdings (NYSE:AVH) opened at 7.09 on Tuesday. Avianca Holdings has a 12-month low of $5.97 and a 12-month high of $10.91. The company has a market cap of $883.58 million, a price-to-earnings ratio of 28.59 and a beta of 0.87. The stock has a 50 day moving average of $6.90 and a 200 day moving average of $7.37.
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A number of institutional investors have recently added to or reduced their stakes in AVH. IPG Investment Advisors LLC bought a new position in Avianca Holdings during the first quarter valued at approximately $375,000. Oxford Asset Management bought a new position in Avianca Holdings during the first quarter valued at approximately $590,000. Numeric Investors LLC bought a new position in Avianca Holdings during the fourth quarter valued at approximately $892,000. Russell Investments Group Ltd. raised its position in Avianca Holdings by 11.1% in the first quarter. Russell Investments Group Ltd. now owns 151,326 shares of the transportation company’s stock valued at $1,167,000 after buying an additional 15,063 shares during the period. Finally, Bank of America Corp DE raised its position in Avianca Holdings by 33.7% in the first quarter. Bank of America Corp DE now owns 194,162 shares of the transportation company’s stock valued at $1,497,000 after buying an additional 48,887 shares during the period. 2.83% of the stock is currently owned by hedge funds and other institutional investors.
About Avianca Holdings
Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.
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