Scotiabank Raises Target Price for Liberty Latin America to $8.20, Up 60.78% from Previous Target of $5.10

Liberty Latin America's (LILAK) price target has been raised to $8.20 by Scotiabank, a 60.78% increase from the previous target of $5.10. The company is a telecommunications provider with reportable segments including C&W Caribbean, Liberty Networks, and VTR. Analysts forecast an average target price of $7.23 with a high estimate of $9.50 and a low estimate of $5.10, implying an 11.08% downside from the current price. The average brokerage recommendation is 2.3, indicating "Outperform" status.

Liberty Latin America (LILAK), a leading telecommunications provider in Latin America, has seen its price target significantly increase following a recent analyst assessment by Scotiabank. The updated price target for LILAK has been raised to USD 8.20, marking a substantial 60.78% increase from the previous target of USD 5.10 [1].

Liberty Latin America operates in various segments, including C&W Caribbean, Liberty Networks, and VTR. The company provides a range of services, including video, broadband internet, fixed-line telephony, and mobile services to residential and business customers. The majority of its revenue is generated from the C&W Caribbean and Liberty Puerto Rico segments.

Analysts have forecast an average target price of USD 7.23 for LILAK, with high and low estimates of USD 9.50 and USD 5.10, respectively. This suggests a potential downside of 11.08% from the current price of USD 8.14. The average brokerage recommendation is 2.3, indicating an "Outperform" status [1].

GuruFocus estimates suggest that the estimated GF Value for LILAK in one year is USD 8.23, suggesting an upside of 1.17% from the current price of USD 8.135 [1]. The GF Value is calculated based on historical multiples, past business growth, and future performance estimates.

Liberty Latin America is part of the broader Zacks Wireless National industry, which is expected to benefit from the thriving 5G ecosystem and increased fiber densification. The industry has outperformed the S&P 500 and the broader Zacks Computer and Technology sector over the past year, growing by 22.4% compared to the S&P 500's 15.9% and the sector's 21.4% growth [2].

Investors should keep an eye on future analyst updates and the overall industry trends to make informed investment decisions regarding LILAK.

References:
[1] https://www.gurufocus.com/news/3085512/liberty-latin-america-lilak-target-price-raised-by-scotiabank-lilak-stock-news
[2] https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-array-digital-infrastructure-liberty-latin-america-and