Liberty Latin America (NASDAQ:LILA) Price Target Raised to $13.00 at Benchmark

Liberty Latin America (NASDAQ:LILA) had its target price hoisted by equities research analysts at Benchmark from $12.00 to $13.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target points to a potential upside of 59.31% from the company’s previous close.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, Liberty Latin America currently has a consensus rating of “Reduce” and a consensus target price of $9.75.

Liberty Latin America Trading Up 3.8%

NASDAQ:LILA traded up $0.30 during trading hours on Monday, hitting $8.16. The stock had a trading volume of 106,386 shares, compared to its average volume of 421,041. Liberty Latin America has a one year low of $4.25 and a one year high of $8.94. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -2.21 and a beta of 1.06. The business’s 50 day moving average is $8.00 and its 200-day moving average is $6.79.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.08. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative net margin of 16.57% and a negative return on equity of 54.11%. Sell-side analysts anticipate that Liberty Latin America will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in shares of Liberty Latin America during the 1st quarter worth about $246,000. Fourth Sail Capital LP acquired a new position in Liberty Latin America during the first quarter valued at approximately $8,977,000. Swiss National Bank grew its stake in Liberty Latin America by 16.7% in the first quarter. Swiss National Bank now owns 55,269 shares of the company’s stock valued at $350,000 after purchasing an additional 7,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Liberty Latin America by 36.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,148 shares of the company’s stock worth $90,000 after purchasing an additional 3,755 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Liberty Latin America during the 1st quarter worth approximately $655,000. Institutional investors own 18.48% of the company’s stock.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles 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.