Does This Provide a Reason to Buy Liberty Latin America Ltd. (LILAK)? The Stock Has Formed Bullish Inverse Head & Shoulders Chart Pattern

July 14, 2018 - By Harriett Tippett

The stock of Liberty Latin America Ltd. (LILAK) formed H&SI with $22.24 price target or 8.00 % above the current $20.59 share price. The 8 months Head & Shoulders Inverse reveals low risk for the $3.52B company. This trade was featured by on Jul, 14. If the $22.24 target price is reached, the company’s valuation will be $281.52M more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

The stock increased 0.24% or $0.05 during the last trading session, reaching $20.59. About 1.35M shares traded or 61.50% up from the average. Liberty Latin America Ltd. (NASDAQ:LILAK) has risen 5.01% since July 14, 2017 and is uptrending. It has underperformed by 7.56% the S&P500.

Liberty Latin America Ltd. (NASDAQ:LILAK) Ratings Coverage

Among 2 analysts covering Liberty LiLAC Group (NASDAQ:LILAK), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Liberty LiLAC Group has $23 highest and $21.0 lowest target. $22’s average target is 6.85% above currents $20.59 stock price. Liberty LiLAC Group had 2 analyst reports since February 15, 2018 according to SRatingsIntel. Scotia Capital downgraded Liberty Latin America Ltd. (NASDAQ:LILAK) on Thursday, February 15 to “Hold” rating.

Liberty Latin America Ltd. provides various telecommunications services in approximately 20 countries across Latin America and the Caribbean under the consumer brands of VTR, Flow, Liberty, Más Móvil, and BTC. The company has market cap of $3.52 billion. It offers communications and entertainment services to residential and business clients through ?triple-play' and ?quad-play' combinations of bundled services comprising digital video, broadband Internet, telephony, and mobile services. It currently has negative earnings. The firm also provides business services and products 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.

Liberty Latin America Ltd. (NASDAQ:LILAK) Ratings Chart

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