Liberty Latin America (LILA) Rating Increased to Equal Weight at Morgan Stanley

Morgan Stanley upgraded shares of Liberty Latin America (NASDAQ:LILA) from an underweight rating to an equal weight rating in a research report report published on Tuesday, Marketbeat Ratings reports.

Several other analysts have also recently commented on LILA. Zacks Investment Research cut shares of Liberty Latin America from a hold rating to a sell rating in a research note on Thursday, January 11th. ValuEngine cut shares of Liberty Latin America from a hold rating to a sell rating in a research note on Friday, February 2nd. Royal Bank of Canada set a $25.00 target price on shares of Liberty Latin America and gave the stock a hold rating in a research note on Friday, February 23rd. Finally, Macquarie reaffirmed a hold rating and issued a $24.00 target price on shares of Liberty Latin America in a research note on Sunday, February 18th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $25.21.

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LILA stock traded up $0.02 during midday trading on Tuesday, hitting $20.16. The stock had a trading volume of 21,923 shares, compared to its average volume of 200,509. Liberty Latin America has a 12-month low of $19.00 and a 12-month high of $27.85.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Wednesday, February 14th. The company reported ($0.42) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.29). The business had revenue of $850.10 million for the quarter. sell-side analysts expect that Liberty Latin America will post -0.46 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. boosted its holdings in shares of Liberty Latin America by 67.9% in the 4th quarter. Franklin Resources Inc. now owns 3,486,943 shares of the company’s stock valued at $70,262,000 after purchasing an additional 1,409,681 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Liberty Latin America by 0.5% in the 4th quarter. BlackRock Inc. now owns 980,691 shares of the company’s stock valued at $19,761,000 after purchasing an additional 5,165 shares during the last quarter. Newtyn Management LLC boosted its holdings in shares of Liberty Latin America by 6.4% in the 3rd quarter. Newtyn Management LLC now owns 585,000 shares of the company’s stock valued at $13,900,000 after purchasing an additional 35,000 shares during the last quarter. Ingalls & Snyder LLC acquired a new position in shares of Liberty Latin America in the 4th quarter valued at $6,802,000. Finally, Hosking Partners LLP boosted its holdings in shares of Liberty Latin America by 7.6% in the 4th quarter. Hosking Partners LLP now owns 314,682 shares of the company’s stock valued at $6,341,000 after purchasing an additional 22,198 shares during the last quarter. Institutional investors own 22.49% of the company’s stock.

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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.

Analyst Recommendations for Liberty Latin America (NASDAQ:LILA)

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