Liberty Latin America (NASDAQ:LILA) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Liberty Latin America Ltd. (NASDAQ:LILA) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $7.86 and traded as low as $7.26. Liberty Latin America shares last traded at $7.32, with a volume of 365,936 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LILA shares. Benchmark upped their price target on shares of Liberty Latin America from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $9.75.

Liberty Latin America Stock Down 2.4%

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. The business’s fifty day moving average price is $7.86 and its two-hundred day moving average price is $7.77. The firm has a market cap of $1.47 billion, a P/E ratio of -1.98 and a beta of 1.02.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Wednesday, November 5th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.08. Liberty Latin America had a negative net margin of 16.57% and a negative return on equity of 54.11%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities research analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Institutional Investors Weigh In On Liberty Latin America

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio bought a new position in shares of Liberty Latin America in the first quarter valued at approximately $34,000. Russell Investments Group Ltd. grew its stake in Liberty Latin America by 58.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after buying an additional 2,070 shares during the last quarter. CWM LLC grew its stake in Liberty Latin America by 80.7% in the 3rd quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after buying an additional 2,897 shares during the last quarter. Danske Bank A S bought a new position in Liberty Latin America in the 3rd quarter worth $56,000. Finally, Quantbot Technologies LP lifted its position in Liberty Latin America by 727.1% during the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after acquiring an additional 6,289 shares during the last quarter. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Liberty Latin America Company Profile

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.