Liberty Latin America (NASDAQ:LILA) Reaches New 12-Month Low - What's Next?
Liberty Latin America (NASDAQ:LILA) reached a new 52-week low of $5.68, closing at $5.72 with a trading volume of 249,421 shares. Barclays downgraded the stock from "equal weight" to "underweight," lowering the price target from $8.00 to $6.50. The company reported a quarterly EPS of ($0.90) and revenue of $1.15 billion. Institutional investors hold 18.48% of the stock, and analysts predict a -0.22 EPS for the current year. Liberty Latin America provides telecommunications services across various segments in the Caribbean and Latin America.
Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $5.68 and last traded at $5.72, with a volume of 249421 shares. The stock had previously closed at $6.18.
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Wall Street Analysts Forecast Growth
Separately, Barclays lowered Liberty Latin America from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $8.00 to $6.50 in a research note on Tuesday, February 25th.
View Our Latest Research Report on LILA
Liberty Latin America Stock Down 7.9 %
The company has a market capitalization of $1.12 billion, a P/E ratio of -1.70 and a beta of 0.85. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.06 and a current ratio of 1.04. The firm's fifty day moving average is $6.74 and its 200-day moving average is $7.53.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 33.41%. As a group, equities research analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current year.
Institutional Trading of Liberty Latin America
Hedge funds and other institutional investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in shares of Liberty Latin America during the fourth quarter valued at $37,000. EntryPoint Capital LLC bought a new stake in shares of Liberty Latin America in the 4th quarter valued at about $69,000. Intech Investment Management LLC acquired a new stake in shares of Liberty Latin America in the third quarter valued at about $104,000. Marshall Wace LLP bought a new position in shares of Liberty Latin America during the fourth quarter worth about $77,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Liberty Latin America by 12.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company's stock worth $80,000 after acquiring an additional 1,422 shares during the period. 18.48% of the stock is currently owned by institutional investors.
Liberty Latin America Company Profile
(Get Free Report)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.
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