Liberty Latin America Ltd (NASDAQ:LILA)’s share price shot up 7% during mid-day trading on Wednesday . The stock traded as high as $16.49 and last traded at $16.33. 530,747 shares changed hands during trading, an increase of 48% from the average session volume of 358,070 shares. The stock had previously closed at $15.26.
Separately, Zacks Investment Research raised shares of Liberty Latin America from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Friday, January 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.50.
The firm has a market capitalization of $2.97 billion, a PE ratio of -39.83 and a beta of 1.68.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LILA. Bank of Montreal Can purchased a new position in Liberty Latin America in the fourth quarter worth $25,000. Markston International LLC purchased a new position in Liberty Latin America in the third quarter worth $110,000. Arnhold LLC purchased a new position in Liberty Latin America in the third quarter worth $123,000. FMR LLC purchased a new position in Liberty Latin America in the third quarter worth $152,000. Finally, Prudential Financial Inc. purchased a new position in Liberty Latin America in the third quarter worth $218,000. 21.05% of the stock is currently owned by institutional investors and hedge funds.
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Liberty Latin America Company Profile (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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