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Favorable Press Coverage Somewhat Unlikely to Affect LATAM Airlines Group (LTM) Stock Price

Media stories about LATAM Airlines Group (NYSE:LTM) have been trending positive on Monday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LATAM Airlines Group earned a news impact score of 0.28 on Accern’s scale. Accern also assigned headlines about the transportation company an impact score of 45.8789467531831 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

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LATAM Airlines’ (LTM) CEO Jerome Cadier on Q1 2018 Results – Earnings Call Transcript (seekingalpha.com) LATAM Airlines Group (LTM) versus Air France–KLM (AFLYY) Financial Survey (americanbankingnews.com) LATAM Pass Through Trust 2015-1B — Moody’s upgrades LATAM Airlines CFR to Ba3; stable outlook (finance.yahoo.com) LATAM Airlines Group (LTM) Downgraded by ValuEngine to “Hold” (americanbankingnews.com) LATAM Airlines Group (LTM) Expected to Post Earnings of $0.13 Per Share (americanbankingnews.com)

Shares of LATAM Airlines Group traded down $0.27, hitting $13.71, during trading hours on Monday, according to MarketBeat Ratings. The company had a trading volume of 981,100 shares, compared to its average volume of 446,793. The company has a market cap of $8.48 billion, a P/E ratio of 52.73 and a beta of 1.77. LATAM Airlines Group has a 52-week low of $13.65 and a 52-week high of $13.84.

LATAM Airlines Group (NYSE:LTM) last released its quarterly earnings data on Wednesday, March 14th. The transportation company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.11). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.72 billion. LATAM Airlines Group had a return on equity of 4.74% and a net margin of 2.05%. analysts expect that LATAM Airlines Group will post 0.64 earnings per share for the current year.

LTM has been the subject of several research analyst reports. ValuEngine raised LATAM Airlines Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. Citigroup downgraded LATAM Airlines Group from a “neutral” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, JPMorgan Chase downgraded LATAM Airlines Group from a “neutral” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a report on Monday, March 19th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.50.

About LATAM Airlines Group

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in the Americas, Europe, and Oceania. The company operates in two segments, Air Transportation; and Coalition and Loyalty Program Multiplus. It provides passenger transport services to approximately 137 destinations in 24 countries and cargo services to approximately 144 destinations in 29 countries with a fleet of 307 aircraft.

Insider Buying and Selling by Quarter for LATAM Airlines Group (NYSE:LTM)