Avianca Holdings S.A. (AVH) Rating Increased to Hold at Zacks Investment Research

Avianca Holdings S.A. (NYSE:AVH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday, July 25th.

According to Zacks, “Avianca Holdings, S.A. owns and operates airlines. It offers passenger air transportation services and cargo air transportation services. The company provides its services in the domestic markets of Colombia, Ecuador, and Peru, as well as for international routes, such as North America, Central and South America, Europe, and the Caribbean. Avianca Holdings, S.A. is based in Panama. “

AVH has been the topic of a number of other research reports. UBS AG lowered Avianca Holdings from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 31st. Deutsche Bank AG lowered Avianca Holdings from a “buy” rating to a “hold” rating and reduced their price target for the stock from $10.00 to $8.00 in a research note on Thursday, April 20th. BidaskClub upgraded Avianca Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Avian Securities upped their price objective on Avianca Holdings from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, April 20th. Finally, J P Morgan Chase & Co downgraded Avianca Holdings from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 24th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $9.25.

Avianca Holdings (NYSE AVH) traded up 0.15% during trading on Tuesday, reaching $6.89. The company’s stock had a trading volume of 75,864 shares. The firm’s 50-day moving average price is $6.98 and its 200 day moving average price is $7.28. The company has a market capitalization of $858.65 million, a P/E ratio of 27.78 and a beta of 0.87. Avianca Holdings has a 12-month low of $6.13 and a 12-month high of $10.91.

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A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in shares of Avianca Holdings by 95.1% in the first quarter. Renaissance Technologies LLC now owns 598,848 shares of the transportation company’s stock valued at $4,617,000 after buying an additional 291,948 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Avianca Holdings during the fourth quarter valued at about $1,312,000. James Investment Research Inc. increased its stake in shares of Avianca Holdings by 62.4% in the first quarter. James Investment Research Inc. now owns 350,918 shares of the transportation company’s stock valued at $2,706,000 after buying an additional 134,778 shares in the last quarter. Oxford Asset Management bought a new stake in shares of Avianca Holdings during the first quarter valued at about $590,000. Finally, Bank of America Corp DE increased its stake in shares of Avianca Holdings by 33.7% in the first quarter. Bank of America Corp DE now owns 194,162 shares of the transportation company’s stock valued at $1,497,000 after buying an additional 48,887 shares in the last quarter. Hedge funds and other institutional investors own 2.83% of the company’s stock.

About Avianca Holdings

Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.

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