ValuEngine upgraded shares of Avianca Holdings S.A. (NYSE:AVH) from a buy rating to a strong-buy rating in a research report report published on Thursday morning.

A number of other equities research analysts have also commented on the company. BidaskClub raised Avianca Holdings from a sell rating to a hold rating in a research report on Tuesday, July 11th. UBS AG lowered Avianca Holdings from a neutral rating to a sell rating in a research report on Wednesday, May 31st. Zacks Investment Research raised Avianca Holdings from a strong sell rating to a hold rating in a research report on Tuesday, July 25th. Finally, J P Morgan Chase & Co lowered Avianca Holdings from an overweight rating to a neutral rating in a research report on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. Avianca Holdings presently has an average rating of Hold and a consensus price target of $9.25.

Avianca Holdings (AVH) opened at 8.27 on Thursday. The firm’s 50-day moving average price is $7.33 and its 200 day moving average price is $7.22. Avianca Holdings has a 1-year low of $6.13 and a 1-year high of $10.91. The stock has a market cap of $1.03 billion, a PE ratio of 17.52 and a beta of 0.85.

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Institutional investors have recently made changes to their positions in the stock. IPG Investment Advisors LLC acquired a new stake in Avianca Holdings in the 1st quarter valued at approximately $375,000. Russell Investments Group Ltd. raised its position in Avianca Holdings by 11.1% in the 1st 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 last quarter. Bank of America Corp DE raised its position in Avianca Holdings by 33.7% in the 1st 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 last quarter. Oxford Asset Management acquired a new stake in Avianca Holdings in the 1st quarter valued at approximately $590,000. Finally, Renaissance Technologies LLC raised its position in Avianca Holdings by 95.1% in the 1st quarter. Renaissance Technologies LLC now owns 598,848 shares of the transportation company’s stock valued at $4,617,000 after buying an additional 291,948 shares during the last quarter. 2.80% of the stock is currently owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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