LATAM Airlines (LTM) Surges: Stock Moves 5.9% Higher
LATAM Airlines Group S.A. LTM was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $8.76–$9.85 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company reported better-than-expected third-quarter 2018 profits.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
LATAM Airlines currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
LATAM Airlines Group S.A. Price
LATAM Airlines Group S.A. Price | LATAM Airlines Group S.A. Quote
A better-ranked stock in the Transportation - Airline industry is Air France-KLM SA AFLYY, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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