Pivotal Research Reaffirms Their Buy Rating on Liberty LiLAC Group


Pivotal Research analyst Jeffrey Wlodarczak maintained a Buy rating on Liberty LiLAC Group (NASDAQ: LILAK) today and set a price target of $26. The company’s shares closed yesterday at $21.06.

Wlodarczak wrote:

“We modestly raised our financial estimates post results like with like, although our forecasts declined modestly driven mainly by Chilean currency weakness relative to the USD. Our forecasts for the year remain effectively in-line with guidance (including $1.4B in EBITDA). As we have done with our other cable names amidst a broad sector malaise (that we view as overdone but unlikely to start to disappear until the Fall) we tweaked our YE ’18 target EBITDA multiple to 7.5X (ex hurricane effects) from 8.0X which drove a $3 reduction in our YE ’18 target price to $26 (implying a 7X multiple of ’19 EBITDA) vs. 7X and 6.5X, respectively, currently.”

According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 6.6% and a 53.3% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Charter Communications, and Formula One Group.

Liberty LiLAC Group has an analyst consensus of Moderate Buy, with a price target consensus of $23.33.

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Based on Liberty LiLAC Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $401 million. In comparison, last year the company had a GAAP net loss of $5.8 million.

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Liberty Latin America Ltd. is a holding company, which engages in the provision of telecommunication services. It operates through the following segments: Cable and Wireless Communications Limited (C&W), VTR, Liberty Puerto Rico, and Corporate and Other.

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