In a report released yesterday, Cesar Medina from Morgan Stanley maintained a Hold rating on Liberty Global LiLAC, with a price target of $6.00.
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Cesar Medina has given his Hold rating due to a combination of factors impacting Liberty Global LiLAC. The company’s performance in Puerto Rico is a focal point, showing signs of stabilization with improved margins, although it faced a significant impairment related to spectrum license intangibles. Management’s exploration of strategic alternatives, including a potential spin-off, adds an element of uncertainty that warrants a cautious approach.
Additionally, while the C&W Caribbean unit exceeded expectations in adjusted OIBDA, revenue growth was flat, and Panama experienced a notable decline in B2B revenues. These mixed results, alongside the challenges in Puerto Rico and strategic considerations, contribute to the Hold rating, suggesting that investors should remain cautious and consider these factors before making investment decisions.
Medina covers the Technology sector, focusing on stocks such as Zenvia, VTEX, and CI&T. According to TipRanks, Medina has an average return of -6.8% and a 37.04% success rate on recommended stocks.
In another report released on July 24, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $7.50 price target.