#5 - Liberty Latin America (NASDAQ:LILA)
The 5G buildout is well underway in the United States, but internationally, that’s a different story. This also explains, in part, why investors have recently become bullish on Liberty Latin America Ltd. (NASDAQ: LILA). The small-cap company is one of the leading providers of fixed, mobile, and subsea telecommunications services.
The company operates recognizable consumer brands such as Virgin Media O2 in the United Kingdom, VodafoneZiggo in the Netherlands, Telenet in Belgium, Sunrise UPC in Switzerland, Virgin Media in Ireland and UPC in Eastern Europe.
In addition, the company has a global investment division, Liberty Global Ventures, that includes a portfolio of 50 content, technology, and infrastructure companies.
Liberty Latin America appears to be a favorite of hedge funds. The company also announced the planned spinoff of its Sunrise affiliate. The Swiss company will become a standalone, publicly traded company sometime in the fourth quarter of 2024. As of May 2024, the spinoff was still contingent on shareholder approval and prevailing market conditions.
About Liberty Latin America
Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles 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.
Read More - Current Price
- $10.40
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $8.65 (16.8% Downside)
