LATAM Airlines Group SA (ADR) (LFL) was Downgraded by Goldman to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Jun 14, 2016.
LATAM Airlines Group SA (ADR) closed down -0.36 points or -5.46% at $6.23 with 3,63,991 shares getting traded on Friday. Post opening the session at $6.54, the shares hit an intraday low of $6.215 and an intraday high of $6.54 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
LATAM Airlines Group S.A. (LATAM) is a Chile-based airline holding company. The Company is primarily involved in the transportation of passengers and cargo and operates as a business enterprise with two brands: LAN and TAM. LATAM operates through two segments: the air transportation business and the coalition and loyalty program Multiplus. The Company’s Air transport segment corresponds to the route network for air transport. LATAM’s segment of loyalty coalition called Multiplus is a frequent flyer program. LATAM provides passenger transport services to approximately 135 destinations in 22 countries and cargo services to approximately 144 destinations in 26 countries with a fleet of 327 aircraft and a set of bilateral alliances. The LAN brand includes LAN Chile LAN Peru LAN Argentina LAN Colombia LAN Ecuador and LAN Cargo. The TAM brand includes other brands services and business units such as TAM Airlines TAM Cargo TAM Viagens TAM Fidelidade and TAM nas Nuvens.