Liberty Latin America (NASDAQ:LILAK) Stock Rating Upgraded by StockNews.com

Liberty Latin America (NASDAQ:LILAK) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Liberty Latin America Stock Performance

Liberty Latin America stock opened at $4.99 on Monday. The firm has a market capitalization of $982.53 million, a P/E ratio of -1.49 and a beta of 0.92. The stock has a fifty day moving average price of $5.80 and a 200 day moving average price of $6.57. Liberty Latin America has a 52 week low of $4.23 and a 52 week high of $10.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31.

Liberty Latin America (NASDAQ:LILAK) last released its earnings results on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.55). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%.

Hedge Funds Weigh In On Liberty Latin America

A number of large investors have recently modified their holdings of LILAK. Barclays PLC raised its holdings in shares of Liberty Latin America by 55.8% in the 3rd quarter. Barclays PLC now owns 200,249 shares of the company’s stock worth $1,900,000 after purchasing an additional 71,734 shares during the period. Franklin Resources Inc. raised its holdings in shares of Liberty Latin America by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 91,461 shares of the company’s stock worth $868,000 after purchasing an additional 8,454 shares during the period. UMB Bank n.a. raised its holdings in shares of Liberty Latin America by 970.4% in the 4th quarter. UMB Bank n.a. now owns 282,937 shares of the company’s stock worth $1,794,000 after purchasing an additional 256,504 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Liberty Latin America in the 4th quarter worth about $94,000. Finally, KBC Group NV raised its holdings in shares of Liberty Latin America by 62.5% in the 4th quarter. KBC Group NV now owns 11,879 shares of the company’s stock worth $75,000 after purchasing an additional 4,571 shares during the period. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Company Profile

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, and Liberty Costa Rico 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.