LATAM Airlines Group (NYSE:LTM) Raised to Strong-Buy at Wall Street Zen

LATAM Airlines Group (NYSE:LTM) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Other analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LATAM Airlines Group in a research report on Wednesday, October 8th. Zacks Research downgraded shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, LATAM Airlines Group has an average rating of “Hold”.

LATAM Airlines Group Price Performance

NYSE:LTM opened at $44.73 on Friday. The firm’s 50-day moving average price is $46.36 and its 200-day moving average price is $40.61. The company has a market capitalization of $13.52 billion, a PE ratio of 11.50, a P/E/G ratio of 0.43 and a beta of 3.60. LATAM Airlines Group has a 1-year low of $26.16 and a 1-year high of $52.54.

Institutional Trading of LATAM Airlines Group

Several institutional investors have recently bought and sold shares of LTM. Caitong International Asset Management Co. Ltd boosted its holdings in shares of LATAM Airlines Group by 761.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the transportation company’s stock valued at $88,000 after acquiring an additional 1,918 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of LATAM Airlines Group during the 2nd quarter valued at about $90,000. Rhumbline Advisers boosted its holdings in shares of LATAM Airlines Group by 113.8% during the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 1,700 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of LATAM Airlines Group by 58.4% during the 2nd quarter. Blue Trust Inc. now owns 3,087 shares of the transportation company’s stock valued at $125,000 after acquiring an additional 1,138 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of LATAM Airlines Group by 2,004.2% during the 3rd quarter. CWM LLC now owns 3,493 shares of the transportation company’s stock valued at $158,000 after acquiring an additional 3,327 shares during the last quarter.

About LATAM Airlines Group

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Europe, Colombia, Brazil, Ecuador, Chile, the Asia Pacific, and rest of Latin America. The company operates in two segments, Air Transportation; and Multiplus Coalition and Loyalty Program.