Liberty Latin America (NASDAQ:LILA) Shares Cross Above 50-Day Moving Average – Should You Sell?

Liberty Latin America Ltd. (NASDAQ:LILA) 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 trading hands.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Thursday, January 22nd. Benchmark lifted 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. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Liberty Latin America has a consensus rating of “Reduce” and a consensus price target of $9.75.

Liberty Latin America Stock Performance

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

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

Institutional Trading of Liberty Latin America

Several hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new stake in Liberty Latin America during the first quarter worth about $34,000. Russell Investments Group Ltd. lifted its stake in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after purchasing an additional 2,070 shares during the last quarter. CWM LLC increased its holdings in shares of Liberty Latin America by 80.7% during the third quarter. CWM LLC now owns 6,487 shares of the company’s stock worth $54,000 after buying an additional 2,897 shares in the last quarter. Danske Bank A S bought a new stake in shares of Liberty Latin America in the 3rd quarter valued at $56,000. Finally, Quantbot Technologies LP increased its position in Liberty Latin America by 727.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after buying an additional 6,289 shares in the last quarter. 18.48% of the stock is owned by institutional investors.

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.