Liberty Latin America (NASDAQ:LILAK) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Liberty Latin America (NASDAQ:LILAKFree Report) from a hold rating to a buy rating in a research report sent to investors on Friday.

Liberty Latin America Stock Performance

Shares of LILAK stock opened at $6.61 on Friday. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 8.06 and a beta of 1.20. The company has a 50-day simple moving average of $7.14 and a 200 day simple moving average of $7.63. Liberty Latin America has a 52 week low of $6.41 and a 52 week high of $9.73.

Liberty Latin America (NASDAQ:LILAKGet Free Report) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.29 earnings per share (EPS) for the quarter. The business had revenue of $1.13 billion during the quarter.

Hedge Funds Weigh In On Liberty Latin America

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE increased its position in Liberty Latin America by 47,265.9% during the 1st quarter. US Bancorp DE now owns 20,841 shares of the company’s stock worth $199,000 after purchasing an additional 20,797 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Liberty Latin America during the 1st quarter worth approximately $102,000. PNC Financial Services Group Inc. increased its position in Liberty Latin America by 3,107.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,168 shares of the company’s stock worth $97,000 after purchasing an additional 9,851 shares in the last quarter. Bank of Montreal Can acquired a new position in Liberty Latin America during the 1st quarter worth approximately $71,000. Finally, Dimensional Fund Advisors LP increased its position in Liberty Latin America by 8.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,993,024 shares of the company’s stock worth $67,065,000 after purchasing an additional 536,718 shares in the last quarter. 56.84% of the stock is currently owned by institutional investors and hedge funds.

Liberty Latin America Company Profile

(Get Free Report)

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, Liberty Costa Rico, and VTR 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.

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