Liberty Latin America (LILAK) Cut to Hold at BidaskClub

BidaskClub cut shares of Liberty Latin America (NASDAQ:LILAK) from a buy rating to a hold rating in a research report report published on Friday, BidAskClub reports.

A number of other research analysts have also recently weighed in on LILAK. TheStreet raised shares of Liberty Latin America from a d+ rating to a c rating in a report on Tuesday, May 7th. Pivotal Research reaffirmed a buy rating and issued a $27.00 price objective on shares of Liberty Latin America in a report on Thursday, February 21st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $27.00.

NASDAQ LILAK opened at $18.08 on Friday. Liberty Latin America has a 1 year low of $13.96 and a 1 year high of $22.35.

Liberty Latin America (NASDAQ:LILAK) last posted its earnings results on Tuesday, May 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.30). The company had revenue of $942.70 million for the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gateway Investment Advisers LLC purchased a new stake in shares of Liberty Latin America during the fourth quarter worth about $1,245,000. Morgan Stanley purchased a new stake in shares of Liberty Latin America during the third quarter worth about $7,263,000. Royce & Associates LP increased its stake in shares of Liberty Latin America by 10.2% during the fourth quarter. Royce & Associates LP now owns 478,893 shares of the company’s stock worth $6,977,000 after purchasing an additional 44,242 shares in the last quarter. Genesis Asset Managers LLP purchased a new stake in shares of Liberty Latin America during the fourth quarter worth about $165,667,000. Finally, Wetherby Asset Management Inc. purchased a new stake in shares of Liberty Latin America during the fourth quarter worth about $199,000. 58.42% of the stock is owned by institutional investors.

Liberty Latin America Company Profile

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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