LATAM Airlines (NYSE:LTM) Rating Cut

New York-listed Latam Airlines (NYSE:LTM), was lowered by research analysts at Citigroup. Citigroup lowered its rating on the $8.07B market cap company to “Sell” from a previous “Neutral”.

This rating downgrade is probably noticed by stock traders, as NYSE:LTM is now trading -0.37% lower at $13.40 as of 2:09 PM New York time. LATAM Airlines shares have [From2] 0% in the past 200 days, while the S&P500 Index has gained 6.00% in the same time period.

LATAM Airlines (NYSE:LTM) Profile

LATAM Airlines Group SA is a Chile-based company, which is engaged in passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. These businesses are performed directly or through its subsidiaries in different countries. It operates through two segments: the Air transportation business and the Coalition and loyalty program Multiplus.

LATAM Airlines (NYSE:LTM) traded down -0.37% on 7 February, hitting $13.4. A total of 707,521 shares of the company’s stock traded hands. This is up from average of 577,017 shares. LATAM Airlines has a 52 week low of $8.07 and a 52 week high of $15.06. The company has a market cap of $8.07 billion and a P/E ratio of 54.86.

Get the latest LATAM Airlines (NYSE:LTM) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Citigroup Lowers LATAM Airlines (NYSE:LTM) Rating to “Sell” from “Neutral” appeared first on Octafinance.