Zacks Investment Research upgraded shares of Liberty Latin America (NASDAQ:LILA) from a hold rating to a buy rating in a research report released on Thursday morning. They currently have $19.00 target price 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 analysts also recently issued research reports about the company. Buckingham Research cut their price objective 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 upgraded Liberty Latin America from a sell rating to a hold rating in a report on Monday, September 17th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $24.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of LILA. Ingalls & Snyder LLC acquired a new stake in Liberty Latin America during the 3rd quarter worth about $15,310,000. Russell Investments Group Ltd. acquired a new stake in Liberty Latin America during the 3rd quarter worth about $19,780,000. Barings LLC acquired a new stake in Liberty Latin America during the 3rd quarter worth about $5,087,000. Oppenheimer Asset Management Inc. purchased a new position in Liberty Latin America during the 3rd quarter valued at about $235,000. Finally, Conning Inc. purchased a new position in Liberty Latin America during the 3rd quarter valued at about $469,000. Hedge funds and other institutional investors own 22.15% 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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