Liberty Latin America Ltd Class A (LILA) Sets New 12-Month Low on Analyst Downgrade
Shares of Liberty Latin America Ltd Class A (NASDAQ:LILA) reached a new 52-week low on Friday after Buckingham Research lowered their price target on the stock from $30.00 to $28.00. Buckingham Research currently has a buy rating on the stock. Liberty Latin America Ltd Class A traded as low as $17.99 and last traded at $18.00, with a volume of 3951 shares traded. The stock had previously closed at $18.45.
LILA has been the topic of a number of other reports. ValuEngine lowered shares of Liberty Latin America Ltd Class A from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Macquarie reissued a “hold” rating and issued a $24.00 price objective on shares of Liberty Latin America Ltd Class A in a research report on Thursday, July 19th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Liberty Latin America Ltd Class A presently has a consensus rating of “Hold” and an average price target of $24.75.
In other news, Director Paul A. Gould sold 2,567 shares of the firm’s stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $22.06, for a total transaction of $56,628.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 8.40% of the company’s stock.
The firm has a market cap of $3.17 billion, a PE ratio of -43.80 and a beta of 1.63.
About Liberty Latin America Ltd Class A (NASDAQ:LILA)
Liberty Latin America Ltd. provides various telecommunications services. Its services primarily include video, broadband Internet, fixed-line telephony, and mobile services. The company offers communications and entertainment 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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