What Next for Liberty Latin America Ltd. (LILA) After Forming Inverse H&S Pattern?

July 14, 2018 - By Tina Thibodeau

The stock of Liberty Latin America Ltd. (LILA) formed H&SI with $22.32 price target or 9.00 % above the current $20.48 share price. The 7 months Head & Shoulders Inverse reveals low risk for the $3.52B company. This trade was featured by Faxor.com on Jul, 14. If the $22.32 target price is reached, the company’s valuation will be $317.16M 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 0.49% or $0.1 during the last trading session, reaching $20.48. About 213,940 shares traded. Liberty Latin America Ltd. (NASDAQ:LILA) has risen 3.71% since July 14, 2017 and is uptrending. It has underperformed by 8.86% the S&P500.

Analysts await Liberty Latin America Ltd. (NASDAQ:LILA) to report earnings on August, 6. They expect $-0.05 EPS, up 77.27 % or $0.17 from last year’s $-0.22 per share. After $-0.26 actual EPS reported by Liberty Latin America Ltd. for the previous quarter, Wall Street now forecasts -80.77 % EPS growth.

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

Among 2 analysts covering Liberty Global PLC LiLAC Class A (NASDAQ:LILA), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Liberty Global PLC LiLAC Class A had 2 analyst reports since February 23, 2018 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Tuesday, April 3 by Morgan Stanley. RBC Capital Markets maintained the shares of LILA in report on Friday, February 23 with “Hold” rating.

Another recent and important Liberty Latin America Ltd. (NASDAQ:LILA) news was published by Bizjournals.com which published an article titled: “TiVo CEO is bolting after 8 months to join this Denver-based company” on July 05, 2018.

LiLAC Group provides various broadband services over cable distribution systems, and mobile services in Chile and Puerto Rico. The company has market cap of $3.52 billion. It offers triple-play services consisting of video, broadband Internet, and fixed-line telephony services in 34 communities within Santiago; and 42 communities outside Santiago, including Iquique, Antofagasta, Concepción, Viña del Mar, Valparaiso, and Rancagua, as well as smaller cities across Chile. It currently has negative earnings. The firm also carries domestic Chilean cable programming, which includes local events, such as football matches and regional content; and provides a range of digital video services and video on demand services, including catch-up television.

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