Liberty Latin America (LILAK) Upgraded to Hold at BidaskClub
BidaskClub upgraded shares of Liberty Latin America (NASDAQ:LILAK) from a sell rating to a hold rating in a report published on Thursday, September 20th.
A number of other equities research analysts have also commented on the company. ValuEngine upgraded Liberty Latin America from a sell rating to a hold rating in a research report on Tuesday, September 18th. Pivotal Research reiterated a buy rating and issued a $27.00 price target on shares of Liberty Latin America in a research report on Monday, September 17th. Finally, Citigroup reduced their price target on Liberty Latin America from $29.00 to $27.00 and set a buy rating on the stock in a research report on Monday, August 27th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Liberty Latin America currently has an average rating of Hold and a consensus price target of $24.00.
LILAK stock traded up $0.26 during midday trading on Thursday, reaching $19.60. 696,945 shares of the stock were exchanged, compared to its average volume of 661,522. Liberty Latin America has a 52 week low of $17.55 and a 52 week high of $24.02.
Several institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new position in Liberty Latin America during the 2nd quarter worth approximately $256,000. Gateway Investment Advisers LLC acquired a new position in Liberty Latin America during the 2nd quarter worth approximately $1,662,000. Fine Capital Partners L.P. raised its stake in Liberty Latin America by 47.1% during the 1st quarter. Fine Capital Partners L.P. now owns 3,117,400 shares of the company’s stock worth $59,511,000 after buying an additional 998,000 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Liberty Latin America by 4.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 536,522 shares of the company’s stock worth $10,243,000 after purchasing an additional 21,791 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Liberty Latin America by 720.8% in the first quarter. Dimensional Fund Advisors LP now owns 432,712 shares of the company’s stock worth $8,260,000 after purchasing an additional 379,995 shares during the last quarter. Institutional investors own 56.29% of the company’s stock.
About Liberty Latin America
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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