Liberty Latin America (NASDAQ:LILA) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Liberty Latin America Ltd. (NASDAQ:LILA)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.78 and traded as high as $7.83. Liberty Latin America shares last traded at $7.77, with a volume of 269,346 shares traded.

Analyst Ratings Changes

LILA has been the topic of a number of analyst reports. Benchmark boosted their price objective on Liberty Latin America from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $9.75.

Liberty Latin America Stock Up 0.3%

The company has a 50 day moving average price of $7.78 and a 200-day moving average price of $7.82. The stock has a market capitalization of $1.56 billion, a PE ratio of -2.11 and a beta of 1.01. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative return on equity of 54.11% and a negative net margin of 16.57%. As a group, analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of Liberty Latin America

Hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new position in Liberty Latin America in the 2nd quarter worth approximately $936,000. Panagora Asset Management Inc. lifted its holdings in shares of Liberty Latin America by 58.4% in the second quarter. Panagora Asset Management Inc. now owns 290,044 shares of the company’s stock worth $1,769,000 after buying an additional 106,990 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Liberty Latin America by 6.6% during the second quarter. Gamco Investors INC. ET AL now owns 1,127,929 shares of the company’s stock worth $6,880,000 after acquiring an additional 69,649 shares during the last quarter. Corton Capital Inc. purchased a new position in Liberty Latin America during the second quarter valued at $66,000. Finally, Wittenberg Investment Management Inc. lifted its stake in Liberty Latin America by 1.2% in the 2nd quarter. Wittenberg Investment Management Inc. now owns 595,207 shares of the company’s stock worth $3,631,000 after purchasing an additional 6,780 shares in the last quarter. Institutional investors own 18.48% of the company’s stock.

About Liberty Latin America

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.