Avianca (AVH) Cut to “Hold” at Zacks Investment Research

Avianca (AVH) Cut to “Hold” at Zacks Investment Research


Avianca (NYSE:AVH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

Separately, ValuEngine downgraded Avianca from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Two analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Avianca presently has an average rating of “Hold” and an average price target of $5.88.

Shares of AVH stock traded down $0.06 on Wednesday, hitting $3.67. The stock had a trading volume of 149,750 shares, compared to its average volume of 81,399. The company has a debt-to-equity ratio of 7.03, a current ratio of 0.51 and a quick ratio of 0.47. The company has a market capitalization of $305.62 million, a P/E ratio of 4.03 and a beta of 0.96. Avianca has a one year low of $3.61 and a one year high of $8.18.

Avianca (NYSE:AVH) last released its quarterly earnings data on Friday, February 22nd. The transportation company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.32 billion. Avianca had a positive return on equity of 8.39% and a negative net margin of 0.31%. On average, analysts anticipate that Avianca will post 0.87 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Two Sigma Advisers LP purchased a new position in Avianca in the fourth quarter valued at about $56,000. Renaissance Technologies LLC grew its stake in Avianca by 5.4% in the third quarter. Renaissance Technologies LLC now owns 1,403,510 shares of the transportation company’s stock valued at $7,888,000 after purchasing an additional 71,294 shares during the last quarter. RWC Asset Advisors US LLC purchased a new position in Avianca in the fourth quarter valued at about $1,509,000. Donald Smith & CO. Inc. grew its stake in Avianca by 22.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 2,542,305 shares of the transportation company’s stock valued at $10,322,000 after purchasing an additional 471,156 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in Avianca by 231.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 35,313 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 24,664 shares during the last quarter. Institutional investors own 5.69% 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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Moving & Transportation Services Jean Pierre Bansard

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