Liberty Latin America (LILA) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Liberty Latin America (NASDAQ:LILA) from a hold rating to a buy rating in a report published on Wednesday. The brokerage currently has $20.00 price objective 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 equities research analysts also recently issued research reports about the company. Buckingham Research reduced their target price on Liberty Latin America from $30.00 to $28.00 and set a buy rating on the stock in a report on Thursday, August 16th. ValuEngine raised Liberty Latin America from a sell rating to a hold rating in a report on Monday, September 17th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $24.25.

Shares of NASDAQ:LILA opened at $16.90 on Wednesday. The company has a market cap of $3.07 billion, a P/E ratio of -41.22 and a beta of 1.62. Liberty Latin America has a 1 year low of $16.72 and a 1 year high of $24.00.

Hedge funds have recently modified their holdings of the business. Arnhold LLC acquired a new stake in shares of Liberty Latin America in the 3rd quarter valued at $123,000. Conning Inc. acquired a new stake in shares of Liberty Latin America in the 3rd quarter valued at $469,000. Barings LLC acquired a new stake in shares of Liberty Latin America in the 3rd quarter valued at $5,087,000. Russell Investments Group Ltd. acquired a new stake in shares of Liberty Latin America in the 3rd quarter valued at $19,780,000. Finally, River Road Asset Management LLC acquired a new stake in shares of Liberty Latin America in the 3rd quarter valued at $7,165,000. 22.04% of the stock is currently owned by hedge funds and other institutional investors.

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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