Liberty Latin America (NASDAQ:LILAK) Stock Rating Lowered by Scotiabank

Liberty Latin America (NASDAQ:LILAK) was downgraded by Scotiabank to a “sell” rating in a research note issued to investors on Monday, TipRanks reports. They currently have a $14.00 price objective on the stock. Scotiabank’s target price would suggest a potential downside of 18.75% from the company’s current price.

A number of other research firms have also weighed in on LILAK. Citigroup lowered their target price on Liberty Latin America from $23.00 to $20.00 and set a “buy” rating for the company in a report on Friday, October 4th. Evercore ISI restated a “buy” rating and set a $25.00 target price on shares of Liberty Latin America in a report on Monday, November 11th. TheStreet upgraded Liberty Latin America from a “d+” rating to a “c” rating in a report on Wednesday, November 6th. Finally, BidaskClub upgraded Liberty Latin America from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.50.

Liberty Latin America stock traded down $0.71 during mid-day trading on Monday, reaching $17.23. 613,231 shares of the company were exchanged, compared to its average volume of 592,349. The business has a fifty day moving average of $18.21 and a 200 day moving average of $17.42. Liberty Latin America has a 12-month low of $13.96 and a 12-month high of $21.93.

Liberty Latin America (NASDAQ:LILAK) last posted its earnings results on Tuesday, November 5th. The company reported $0.19 earnings per share for the quarter. The company had revenue of $966.80 million for the quarter.

Institutional investors and hedge funds have recently modified their holdings of the company. Genesis Asset Managers LLP increased its position in shares of Liberty Latin America by 7.5% in the 2nd quarter. Genesis Asset Managers LLP now owns 12,273,182 shares of the company’s stock valued at $210,976,000 after acquiring an additional 851,500 shares during the period. Genesis Investment Management LLP acquired a new position in shares of Liberty Latin America in the 3rd quarter valued at $199,371,000. Searchlight Capital Partners L.P. increased its position in shares of Liberty Latin America by 11.8% in the 2nd quarter. Searchlight Capital Partners L.P. now owns 10,741,319 shares of the company’s stock valued at $184,643,000 after acquiring an additional 1,135,358 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Liberty Latin America by 4.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,986,019 shares of the company’s stock valued at $137,280,000 after acquiring an additional 318,003 shares during the period. Finally, RWC Asset Advisors US LLC increased its position in shares of Liberty Latin America by 7.0% in the 2nd quarter. RWC Asset Advisors US LLC now owns 3,565,346 shares of the company’s stock valued at $61,288,000 after acquiring an additional 233,350 shares during the period. Hedge funds and other institutional investors own 69.20% of the company’s stock.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. It offers communications and entertainment services, including video, broadband Internet, fixed-line telephony, and mobile 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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