Liberty Latin America (NASDAQ:LILAK) Upgraded to Sector Perform by Scotiabank

Liberty Latin America (NASDAQ:LILAKGet Rating) was upgraded by equities researchers at Scotiabank from an “underperform” rating to a “sector perform” rating in a research note issued to investors on Thursday, The Fly reports. The analysts noted that the move was a valuation call.

Several other research firms have also recently issued reports on LILAK. Citigroup dropped their target price on Liberty Latin America from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, March 11th. StockNews.com began coverage on Liberty Latin America in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, TheStreet cut Liberty Latin America from a “c-” rating to a “d” rating in a report on Thursday, March 24th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Liberty Latin America presently has a consensus rating of “Buy” and an average price target of $18.50.

Shares of LILAK stock opened at $8.36 on Thursday. Liberty Latin America has a 52-week low of $8.33 and a 52-week high of $14.95. The stock’s 50-day moving average price is $9.93 and its 200 day moving average price is $10.95.

Liberty Latin America (NASDAQ:LILAKGet Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.51) earnings per share (EPS) for the quarter. The company had revenue of $1.28 billion during the quarter.

A number of hedge funds have recently bought and sold shares of LILAK. Shorehaven Wealth Partners LLC purchased a new position in shares of Liberty Latin America during the 4th quarter worth $128,000. Mackenzie Financial Corp purchased a new position in shares of Liberty Latin America during the 3rd quarter worth $160,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Liberty Latin America by 708.1% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,210 shares of the company’s stock worth $139,000 after purchasing an additional 10,699 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Liberty Latin America during the 4th quarter worth $145,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Liberty Latin America during the 3rd quarter worth $173,000. 59.43% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Latin America (Get Rating)

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. 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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