Avianca (AVH) Downgraded by ValuEngine to “Sell”

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ValuEngine cut shares of Avianca (NYSE:AVH) from a hold rating to a sell rating in a report published on Monday morning, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Avianca from a hold rating to a strong-buy rating and set a $5.25 price target for the company in a report on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $5.88.

Shares of NYSE:AVH opened at $3.95 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 7.25. Avianca has a one year low of $3.61 and a one year high of $9.21. The firm has a market capitalization of $330.18 million, a price-to-earnings ratio of 4.34 and a beta of 1.01.

A number of large investors have recently made changes to their positions in AVH. Donald Smith & CO. Inc. lifted its holdings in shares of Avianca by 22.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 2,542,305 shares of the transportation company’s stock worth $10,322,000 after acquiring an additional 471,156 shares during the last quarter. RWC Asset Advisors US LLC bought a new stake in Avianca in the fourth quarter worth $1,509,000. Renaissance Technologies LLC lifted 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 worth $7,888,000 after purchasing an additional 71,294 shares during the last quarter. D. E. Shaw & Co. Inc. lifted 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 worth $143,000 after purchasing an additional 24,664 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in Avianca in the fourth quarter worth $63,000. 5.69% of the stock is owned by hedge funds and other institutional investors.

Avianca Company Profile

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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