Liberty Latin America Ltd (NASDAQ:LILA) Given Consensus Recommendation of “Hold” by Brokerages

Liberty Latin America Ltd (NASDAQ:LILA) has been given a consensus rating of “Hold” by the six research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $27.00.

Several brokerages recently commented on LILA. Zacks Investment Research downgraded shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. TheStreet raised shares of Liberty Latin America from a “d+” rating to a “c” rating in a report on Tuesday, May 7th. BidaskClub raised shares of Liberty Latin America from a “sell” rating to a “hold” rating in a report on Friday. Finally, Macquarie raised shares of Liberty Latin America from a “neutral” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Thursday, April 4th.

Shares of LILA stock traded down $0.13 during midday trading on Friday, hitting $18.16. 1,139 shares of the company were exchanged, compared to its average volume of 223,008. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of -9.10 and a beta of 1.93. Liberty Latin America has a 52 week low of $13.96 and a 52 week high of $22.20.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Tuesday, May 7th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.28). The company had revenue of $942.70 million for the quarter. As a group, equities research analysts anticipate that Liberty Latin America will post -0.52 earnings per share for the current fiscal year.

In other Liberty Latin America news, insider Balan Nair acquired 14,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of $17.83 per share, for a total transaction of $249,620.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Christopher J. Noyes acquired 10,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of $17.91 per share, with a total value of $179,100.00. The disclosure for this purchase can be found here. 13.82% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. State Board of Administration of Florida Retirement System raised its stake in Liberty Latin America by 6.6% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 11,464 shares of the company’s stock worth $166,000 after purchasing an additional 713 shares in the last quarter. Bank of Montreal Can acquired a new stake in Liberty Latin America in the 4th quarter worth about $25,000. Citigroup Inc. raised its stake in Liberty Latin America by 17.5% in the 4th quarter. Citigroup Inc. now owns 14,140 shares of the company’s stock worth $205,000 after purchasing an additional 2,110 shares in the last quarter. Swiss National Bank raised its stake in Liberty Latin America by 3.1% in the 1st quarter. Swiss National Bank now owns 79,500 shares of the company’s stock worth $1,538,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Liberty Latin America in the 1st quarter worth about $64,000. Institutional investors and hedge funds own 18.26% of the company’s stock.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. It offers communications and entertainment services, including video, broadband Internet, fixed-line telephony, and mobile services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.

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