Brokerages Set Liberty Latin America Ltd (LILAK) Target Price at $24.00

Liberty Latin America Ltd (NASDAQ:LILAK) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $24.00.

LILAK has been the topic of a number of research reports. BidaskClub downgraded shares of Liberty Latin America from a “sell” rating to a “strong sell” rating in a report on Saturday, August 18th. Pivotal Research reiterated a “buy” rating and issued a $27.00 price target on shares of Liberty Latin America in a report on Monday, September 17th. ValuEngine upgraded shares of Liberty Latin America from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, Citigroup reduced their price target on shares of Liberty Latin America from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, August 27th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Suntrust Banks Inc. increased its holdings in shares of Liberty Latin America by 15.7% in the 1st quarter. Suntrust Banks Inc. now owns 29,203 shares of the company’s stock worth $556,000 after buying an additional 3,952 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Liberty Latin America by 5.6% in the 1st quarter. Guggenheim Capital LLC now owns 91,977 shares of the company’s stock worth $1,756,000 after buying an additional 4,886 shares during the last quarter. Cowen Inc. bought a new stake in shares of Liberty Latin America in the 1st quarter worth about $225,000. Bank of Montreal Can bought a new stake in shares of Liberty Latin America in the 2nd quarter worth about $256,000. Finally, Verition Fund Management LLC bought a new stake in shares of Liberty Latin America in the 1st quarter worth about $293,000. Institutional investors own 56.29% of the company’s stock.

Shares of LILAK stock opened at $19.60 on Wednesday. Liberty Latin America has a one year low of $17.55 and a one year high of $24.02.

Liberty Latin America (NASDAQ:LILAK) last announced its quarterly earnings results on Wednesday, August 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.24). The business had revenue of $922.10 million for the quarter.

Liberty Latin America Company Profile

Liberty Latin America Ltd. provides various telecommunications services. Its services primarily include video, broadband Internet, fixed-line telephony, and mobile services. The company offers communications and entertainment 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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Analyst Recommendations for Liberty Latin America (NASDAQ:LILAK)

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