LATAM Airlines Group (LTM) Downgraded by Santander to “Hold”

Santander cut shares of LATAM Airlines Group (NYSE:LTM) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Other equities research analysts have also issued research reports about the stock. TheStreet raised shares of LATAM Airlines Group from a d+ rating to a c rating in a report on Thursday, November 16th. Zacks Investment Research lowered shares of LATAM Airlines Group from a buy rating to a hold rating in a report on Thursday, August 10th. Finally, Bank of America reissued a neutral rating on shares of LATAM Airlines Group in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $10.67.

LATAM Airlines Group (LTM) traded up $0.01 during trading hours on Wednesday, reaching $12.27. 792,400 shares of the company traded hands, compared to its average volume of 473,632. The firm has a market cap of $7,434.55, a PE ratio of 51.08 and a beta of 1.55. LATAM Airlines Group has a 1 year low of $8.07 and a 1 year high of $15.06.

Several institutional investors and hedge funds have recently bought and sold shares of LTM. Renaissance Technologies LLC grew its holdings in shares of LATAM Airlines Group by 37.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,448,995 shares of the transportation company’s stock worth $27,110,000 after purchasing an additional 673,500 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of LATAM Airlines Group by 594.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 500,010 shares of the transportation company’s stock worth $5,535,000 after purchasing an additional 428,012 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of LATAM Airlines Group in the 2nd quarter worth about $3,866,000. Vanguard Group Inc. grew its holdings in shares of LATAM Airlines Group by 173.6% in the 2nd quarter. Vanguard Group Inc. now owns 538,560 shares of the transportation company’s stock worth $5,962,000 after purchasing an additional 341,742 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of LATAM Airlines Group by 1,184.2% in the 1st quarter. Morgan Stanley now owns 231,640 shares of the transportation company’s stock worth $2,934,000 after purchasing an additional 213,602 shares during the last quarter. 3.11% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “LATAM Airlines Group (LTM) Downgraded by Santander to “Hold”” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.chaffeybreeze.com/2017/12/07/latam-airlines-group-ltm-downgraded-by-santander-to-hold.html.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chile-based company, which is engaged in 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. These businesses are performed directly or through its subsidiaries in different countries.

Analyst Recommendations for LATAM Airlines Group (NYSE:LTM)

Receive News & Ratings for LATAM Airlines Group S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LATAM Airlines Group S.A. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply