Avianca (AVH) Lowered to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Avianca (NYSE:AVH) from an overweight rating to a neutral rating in a research report sent to investors on Friday, MarketBeat.com reports. JPMorgan Chase & Co. currently has $6.50 price objective on the transportation company’s stock, down from their previous price objective of $8.00.

AVH has been the topic of a number of other research reports. Bank of America lowered Avianca from a neutral rating to an underperform rating in a research report on Monday, October 29th. Zacks Investment Research lowered Avianca from a hold rating to a strong sell rating in a research report on Wednesday, October 31st. Finally, ValuEngine lowered Avianca from a hold rating to a sell rating in a research report on Friday, August 3rd. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $8.42.

Shares of Avianca stock opened at $5.00 on Friday. Avianca has a 52-week low of $4.82 and a 52-week high of $9.76. The company has a market capitalization of $413.00 million, a P/E ratio of 12.50, a PEG ratio of 0.72 and a beta of 0.68. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 6.44.

Several large investors have recently bought and sold shares of the business. Millennium Management LLC increased its stake in shares of Avianca by 229.1% in the first quarter. Millennium Management LLC now owns 310,940 shares of the transportation company’s stock worth $2,634,000 after buying an additional 216,470 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Avianca in the first quarter worth $252,000. River & Mercantile Asset Management LLP increased its stake in shares of Avianca by 73.1% in the second quarter. River & Mercantile Asset Management LLP now owns 246,200 shares of the transportation company’s stock worth $1,586,000 after buying an additional 104,000 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Avianca by 8.2% during the second quarter. Russell Investments Group Ltd. now owns 176,308 shares of the transportation company’s stock valued at $1,138,000 after purchasing an additional 13,364 shares during the last quarter. Finally, Donald Smith & CO. Inc. increased its stake in Avianca by 189.6% during the second quarter. Donald Smith & CO. Inc. now owns 1,355,772 shares of the transportation company’s stock valued at $8,758,000 after purchasing an additional 887,658 shares during the last quarter. 5.75% of the stock is currently owned by hedge funds and other institutional investors.

About Avianca

Avianca Holdings SA, through its subsidiaries, provides passenger and cargo air transportation services in North America, Central America, the Caribbean, Colombia, Europe, South America, and internationally. It also offers aircraft maintenance, crew training, and other airport services to other carriers, as well as travel and cargo related services to its customers.

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