ValuEngine Upgrades Avianca (NYSE:AVH) to Hold

Avianca (NYSE:AVH) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday, September 14th.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded Avianca from a “hold” rating to a “strong sell” rating in a research report on Monday, July 23rd. TheStreet downgraded Avianca from a “c-” rating to a “d+” rating in a research report on Monday, July 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $10.19.

AVH traded up $0.10 during trading on Friday, reaching $5.71. The company had a trading volume of 44,900 shares, compared to its average volume of 124,478. The company has a market cap of $464.21 million, a PE ratio of 14.30, a P/E/G ratio of 0.37 and a beta of 0.59. Avianca has a 52 week low of $5.12 and a 52 week high of $9.76. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 6.37.

Avianca (NYSE:AVH) last issued its quarterly earnings results on Tuesday, August 14th. The transportation company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.16). The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. As a group, research analysts anticipate that Avianca will post 0.38 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. ClariVest Asset Management LLC lifted its position in shares of Avianca by 79.7% during the second quarter. ClariVest Asset Management LLC now owns 24,208 shares of the transportation company’s stock worth $156,000 after purchasing an additional 10,740 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in shares of Avianca by 189.6% during the second quarter. Donald Smith & CO. Inc. now owns 1,355,772 shares of the transportation company’s stock worth $8,758,000 after purchasing an additional 887,658 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Avianca by 8.2% during the second quarter. Russell Investments Group Ltd. now owns 176,308 shares of the transportation company’s stock worth $1,138,000 after purchasing an additional 13,364 shares during the last quarter. River & Mercantile Asset Management LLP lifted its position in shares of Avianca by 73.1% during the second quarter. River & Mercantile Asset Management LLP now owns 246,200 shares of the transportation company’s stock worth $1,586,000 after purchasing an additional 104,000 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in shares of Avianca during the first quarter worth $252,000. Institutional investors and hedge funds own 5.94% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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