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.
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.
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.
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