Macquarie reiterated their hold rating on shares of Liberty Latin America (NASDAQ:LILA) in a research report report published on Sunday. The brokerage currently has a $24.00 price objective on the stock.
“We model ‘18 OCF of US$1.43bn, consistent with the outlook; our ’18 FCF goes to -US$39m. Our new TP is US$24 (was US$23) based on 6.5x our ’19E OCF. Our Neutral stance is unchanged, as we expect near-term challenges with PR/the Caribbean in rebuild mode. We are positive on the organic/M&A growth prospects. including its controlling stake in Cabletica. Impact We model 1Q revenue/OCF in Chile and PR of US$267m/US$104m and US$79m/US$16m. 4Q continued to reflect the impact of Hurricanes Irma/Maria which impacted PR/CWC’s revenue and OCF by US$109m/US$10m and US$80m/ US$17m in ‘17. For PR, we note that operations turned OCF-positive in Dec. ’17. The government is ~50% through connecting homes to energy/power post storms. Concurrently, Liberty’s efforts to restore its services continue with 450k subs back online and 530mi of cable repaired as of Feb. 8 th . Though rebuilding the network will take time, all major links are expected to be rebuilt by the end of 1Q.”,” Macquarie’s analyst commented.
Several other research analysts have also weighed in on the company. HSBC raised Liberty Latin America from a reduce rating to a hold rating in a research report on Tuesday, November 14th. raised Liberty Latin America from a reduce rating to a hold rating in a research report on Tuesday, November 14th. raised Liberty Latin America from a reduce rating to a hold rating in a research report on Monday, November 13th. Zacks Investment Research raised Liberty Latin America from a sell rating to a hold rating in a research report on Friday, January 19th. Finally, ValuEngine lowered Liberty Latin America from a hold rating to a sell rating in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Liberty Latin America presently has an average rating of Hold and an average target price of $27.06.
Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Wednesday, February 14th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.29). The firm had revenue of $850.10 million during the quarter. sell-side analysts predict that Liberty Latin America will post -0.06 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in Liberty Latin America during the fourth quarter valued at $125,000. Milestone Group Inc. acquired a new position in Liberty Latin America during the third quarter valued at $251,000. Cubist Systematic Strategies LLC acquired a new position in Liberty Latin America during the second quarter valued at $212,000. Parametric Portfolio Associates LLC raised its position in Liberty Latin America by 2.0% during the second quarter. Parametric Portfolio Associates LLC now owns 11,004 shares of the company’s stock valued at $240,000 after buying an additional 211 shares during the period. Finally, Citadel Advisors LLC acquired a new position in Liberty Latin America in the 3rd quarter worth about $263,000. 20.85% of the stock is currently owned by hedge funds and other institutional investors.
Liberty Latin America Company Profile
Liberty Latin America Ltd is a telecommunications company. The Company is focused on offering communications and entertainment services that deliver to residential and business customers include video, broadband Internet, telephony and mobile services. The Company offers a triple play of bundled services of digital video, Internet and telephony in one subscription.
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