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

Wall Street Zen upgraded shares of LATAM Airlines Group (NYSE:LTM) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

LATAM Airlines Group Price Performance

Shares of NYSE:LTM opened at $47.64 on Friday. The firm has a market capitalization of $14.40 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 0.46 and a beta of 3.59. The firm’s 50-day moving average is $45.67 and its two-hundred day moving average is $38.50. LATAM Airlines Group has a 1 year low of $24.38 and a 1 year high of $52.54.

Institutional Trading of LATAM Airlines Group

Large investors have recently made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of LATAM Airlines Group by 44.9% during the first quarter. Blue Trust Inc. now owns 1,949 shares of the transportation company’s stock worth $61,000 after buying an additional 604 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of LATAM Airlines Group by 761.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the transportation company’s stock worth $88,000 after buying an additional 1,918 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of LATAM Airlines Group during the second quarter worth approximately $90,000. Rhumbline Advisers increased its stake in shares of LATAM Airlines Group by 113.8% during the first quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock worth $100,000 after buying an additional 1,700 shares during the period. Finally, Liontrust Investment Partners LLP purchased a new stake in shares of LATAM Airlines Group during the first quarter worth approximately $182,000.

LATAM Airlines Group Company Profile

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.