Liberty Latin America (NASDAQ:LILA) Price Target Raised to $13.00

Liberty Latin America (NASDAQ:LILA) had its price target hoisted by Benchmark from $12.00 to $13.00 in a research report report published on Monday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, Liberty Latin America currently has a consensus rating of “Reduce” and an average price target of $9.75.

Liberty Latin America Stock Performance

LILA opened at $8.16 on Monday. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $1.63 billion, a PE ratio of -2.21 and a beta of 1.06. The stock has a 50-day moving average of $8.01 and a 200-day moving average of $6.83. Liberty Latin America has a 52-week low of $4.25 and a 52-week high of $8.94.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.08. The firm 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, equities research analysts forecast that Liberty Latin America will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Nuveen LLC bought a new stake in Liberty Latin America in the 1st quarter valued at $655,000. XTX Topco Ltd acquired a new position in shares of Liberty Latin America during the first quarter valued at about $246,000. Trexquant Investment LP acquired a new position in shares of Liberty Latin America during the first quarter valued at about $542,000. Hsbc Holdings PLC lifted its stake in shares of Liberty Latin America by 30.1% in the first quarter. Hsbc Holdings PLC now owns 520,902 shares of the company’s stock valued at $3,318,000 after buying an additional 120,548 shares during the period. Finally, Fourth Sail Capital LP acquired a new stake in Liberty Latin America during the first quarter worth about $8,977,000. 18.48% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles 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.