Liberty Latin America (LILA) Raised to “Buy” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Liberty Latin America (NASDAQ:LILA) from a hold rating to a buy rating in a research note published on Wednesday morning. The firm currently has $20.00 target price on the stock.

According to Zacks, “Liberty Latin America is a telecommunication company. Its business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions. It operates primarily in Chile, Puerto Rico, the Caribbean and other parts of Latin America. Liberty Latin America, formerly known as Liberty LiLAC, is based in DENVER. “

Other analysts have also issued research reports about the company. Buckingham Research dropped their price objective on Liberty Latin America from $30.00 to $28.00 and set a buy rating on the stock in a research note on Thursday, August 16th. ValuEngine upgraded Liberty Latin America from a sell rating to a hold rating in a research note on Monday, September 17th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $24.25.

NASDAQ:LILA opened at $16.90 on Wednesday. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of -41.22 and a beta of 1.62. Liberty Latin America has a 12-month low of $16.72 and a 12-month high of $24.00.

Several hedge funds and other institutional investors have recently made changes to their positions in LILA. Ingalls & Snyder LLC bought a new position in shares of Liberty Latin America during the third quarter worth approximately $15,310,000. Russell Investments Group Ltd. bought a new position in shares of Liberty Latin America during the third quarter worth approximately $19,780,000. Barings LLC bought a new position in shares of Liberty Latin America during the third quarter worth approximately $5,087,000. Oppenheimer Asset Management Inc. bought a new position in shares of Liberty Latin America during the third quarter worth approximately $235,000. Finally, Conning Inc. bought a new position in shares of Liberty Latin America during the third quarter worth approximately $469,000. Institutional investors own 22.04% of the company’s stock.

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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