LATAM Airlines Group SA (ADR) (LFL) is Downgraded by Citigroup to Neutral

LATAM Airlines Group SA (ADR) (LFL) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Aug 1, 2016.

Many Wall Street Analysts have commented on LATAM Airlines Group SA (ADR). LATAM Airlines Group SA (ADR) was Upgraded by BofA/Merrill to ” Neutral” on Jul 11, 2016. LATAM Airlines Group SA (ADR) was Downgraded by Goldman to ” Sell” on Jun 14, 2016.

LATAM Airlines Group SA (ADR) (LFL) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $8.76 and reached the intraday high at $8.85. The bulls started the profit booking and pushed the shares to intraday low of $8.65. The trading session was marked by a volume range of 4,21,953 shares exchanging hands. The 52-week high of the shares is $9.24 and the 52-week low is $4.3489. The market cap of the company stands at $4,774 M and there are 54,55,47,820 shares in public circulation.

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.

LATAM Airlines Group SA (ADR)

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