Brokerage Firm Rating Update on LATAM Airlines Group S.A. (LFL)

LATAM Airlines Group S.A. (LFL) : 6 analysts are covering LATAM Airlines Group S.A. (LFL) and their average rating on the stock is 3.22, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

LATAM Airlines Group S.A. (LFL) : The consensus price target for LATAM Airlines Group S.A. (LFL) is $7.3 for the short term with a standard deviation of $2.56. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $10, however, the pessimist price target for the company is $5.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Citigroup downgrades the rating on LATAM Airlines Group S.A. (NYSE:LFL). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 1, 2016.

LATAM Airlines Group S.A. (NYSE:LFL): stock was range-bound between the intraday low of $8 and the intraday high of $8.12 after having opened at $8.02 on Wednesdays session. The stock finally closed in the red at $8.02, a loss of -0.12%. The stock remained in the red for the whole trading day. The total traded volume was 738,761 shares. The stock failed to cross $8.12 in Wednesdays trading. The stocks closing price on Thursday was $8.01.

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 Companys Air transport segment corresponds to the route network for air transport. LATAMs 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.

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