Liberty Latin America (NASDAQ:LILA) was downgraded by stock analysts at Scotiabank from a “sector perform” rating to an “underperform” rating in a research note issued on Monday, The Fly reports.
A number of other brokerages have also recently weighed in on LILA. Barclays raised Liberty Latin America from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $18.00 to $20.00 in a research note on Thursday, October 17th. ValuEngine downgraded Liberty Latin America from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. TheStreet raised shares of Liberty Latin America from a “d+” rating to a “c” rating in a research note on Wednesday, November 6th. BidaskClub upgraded shares of Liberty Latin America from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Finally, Zacks Investment Research upgraded shares of Liberty Latin America from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.75.
Shares of NASDAQ LILA opened at $16.71 on Monday. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -8.40 and a beta of 1.80. The stock’s fifty day simple moving average is $18.33 and its 200 day simple moving average is $17.43. Liberty Latin America has a 52-week low of $13.96 and a 52-week high of $21.90.
In other Liberty Latin America news, Director Eric Louis Zinterhofer purchased 100,000 shares of the stock in a transaction dated Monday, September 9th. The shares were acquired at an average price of $17.00 per share, for a total transaction of $1,700,000.00. Also, Director Brendan J. Paddick purchased 544,064 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were acquired at an average cost of $18.21 per share, for a total transaction of $9,907,405.44. 13.82% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Sapience Investments LLC increased its holdings in shares of Liberty Latin America by 0.3% in the 2nd quarter. Sapience Investments LLC now owns 316,995 shares of the company’s stock valued at $5,462,000 after purchasing an additional 800 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Liberty Latin America by 1.2% during the third quarter. California State Teachers Retirement System now owns 72,069 shares of the company’s stock worth $1,230,000 after purchasing an additional 861 shares during the period. Swiss National Bank grew its position in Liberty Latin America by 2.1% during the second quarter. Swiss National Bank now owns 81,200 shares of the company’s stock valued at $1,399,000 after purchasing an additional 1,700 shares in the last quarter. Royal Bank of Canada grew its position in Liberty Latin America by 2.4% during the second quarter. Royal Bank of Canada now owns 80,363 shares of the company’s stock valued at $1,385,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Bourgeon Capital Management LLC purchased a new position in Liberty Latin America during the third quarter valued at approximately $37,000. 21.67% of the stock is owned by hedge funds and other institutional investors.
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.
Recommended Story: What impact do institutional investors have on markets?
Receive News & Ratings for Liberty Latin America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Latin America and related companies with MarketBeat.com's FREE daily email newsletter.