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LILA

Liberty Latin America

$16.67

-0.28 (-1.65%)

, T

AT&T

$36.97

-0.16 (-0.43%)

09:14
10/09/19
10/09
09:14
10/09/19
09:14

Liberty Latin America to acquire island assets from AT&T for $1.95B

Liberty Latin America (LILA), or LLA, announced it has entered into a definitive agreement to acquire AT&T's (T) wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands. In the all-cash transaction, the acquisition assets are valued at an enterprise value of $1.95B on a cash- and debt-free basis. The acquisition assets provide consumer mobile and B2B services in Puerto Rico and the U.S. Virgin Islands, excluding DirecTV customers. Under the terms of the agreement, AT&T will support LLA for a period up to 36 months following the acquisition enabling the efficient transition of services. Following the acquisition, customers in the acquisition assets will continue to benefit from free roaming services between Puerto Rico, the U.S. Virgin Islands and the mainland United States, Mexico and Canada. LLA will continue providing enterprise services for AT&T's retained global business customers and support AT&T's FirstNet program for first responders in Puerto Rico and the U.S. Virgin Islands. Liberty Latin America intends to finance the $1.95B acquisition through a combination of $2.2B in borrowings on the combined acquisition assets and Liberty Puerto Rico, and the remaining approximately $750M from Liberty Latin America's committed liquidity of $2B at June 30. As a result of the contemplated financing, the company anticipates the pro forma net leverage ratio of its combined Puerto Rico and U.S. Virgin Islands assets will be 4.25x, which results in a decline in net leverage from 4.5x as reported at June 30 for Liberty Puerto Rico. The transaction is subject to customary closing conditions, including reviews by the United States Federal Communications Commission and the Department of Justice. The company expects the transaction to close in Q2 2020.

LILA

Liberty Latin America

$16.67

-0.28 (-1.65%)

T

AT&T

$36.97

-0.16 (-0.43%)

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    Oct

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  • 19

    Nov

LILA Liberty Latin America
$16.67

-0.28 (-1.65%)

04/04/19
MACQ
04/04/19
UPGRADE
MACQ
Outperform
Liberty Latin America upgraded to Outperform from Neutral at Macquarie
Macquarie analyst Amy Yong upgraded Liberty Latin America to Outperform from Neutral and raised her price target on the stock to $26 from $24.
07/25/19
BNCH
07/25/19
INITIATION
Target $26
BNCH
Buy
Liberty Latin America initiated with a Buy at Benchmark
Benchmark analyst Matthew Harrigan initiated Liberty Latin America with a Buy rating and $26 price target, citing its leading quad play capabilities in the Caribbean and Latin American markets as well as its M&A opportunities.
09/03/19
BNCH
09/03/19
NO CHANGE
BNCH
Buy
Benchmark sees 'de minimis' hurricane financial impact on Liberty Latin America
Benchmark analyst Matthew Harrigan said that The Bahamas represent only about 5% of Liberty Latin America's overall revenue, adding that the effective economic exposure is reduced to about 2.5% for the entire Bahamian island chain as BTC Bahamas is only 49% owned by the company's Cable & Wireless subsidiary. While also noting that over 65% of Bahamian sales are from mobile, Harrigan said he expects "de minimis" financial impact from Hurricane Dorian on Liberty Latin America, on which he maintains a Buy rating.
T AT&T
$36.97

-0.16 (-0.43%)

09/18/19
DZBN
09/18/19
DOWNGRADE
Target $38
DZBN
Hold
AT&T downgraded to Hold from Buy at DZ Bank
DZ Bank analyst Matthias Volkert downgraded AT&T to Hold from Buy with a $38 price target.
09/27/19
JPMS
09/27/19
NO CHANGE
Target $425
JPMS
Overweight
JPMorgan reiterates Overweight on Netflix with stock down 12% in seven days
Netflix (NFLX) shares are down 27% since the Q2 earnings report, including down 12% over the past seven trading days, due to increased concern around Q3 net additions, especially in international markets, and heightened competition heading toward year-end and into 2020 from Disney+ (DIS), Apple TV+ (AAPL), and HBO Max (T), JPMorgan analyst Doug Anmuth tells investors in a research note. While the operating environment is changing, global disruption of linear TV is a "strong secular trend" that remains early stage in many international markets, and Netflix will remain a key beneficiary as more people cut the cord, says Anmuth. Further, the analyst believes Netflix has "significant advantages" around data and also its breadth and depth of content. In addition, the bar for Q3 has come down, says Anmuth, who keeps an Overweight rating on Netflix with a $425 price target.
10/04/19
NOMU
10/04/19
NO CHANGE
Target $43
NOMU
Buy
AT&T Q3 results to help stock move towards $43, says Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal expects AT&T's (T) Q3 results "to be more positive than not," and thus allow the stock to keep working toward his $43 target price. AT&T's reticence to match Verizon's (VZ) price cut implies confidence in wireless, while Elliott Management's activist stake may speed up the company's cost savings and asset sales, Kvaal tells investors in a pre-earnings research note. He keeps a Buy rating on AT&T shares.
10/07/19
RAJA
10/07/19
NO CHANGE
Target $40
RAJA
Outperform
AT&T price target raised to $40 from $35 at Raymond James
Raymond James analyst Frank Louthan reiterated an Outperform rating on AT&T and raised his price target to $40 from $35. Louthan, who adjusted his Q3 revenue and EBITDA estimates to $44.7B and $15.057B, respectively, from $45.6B and $15.125B as well as his Q3 wireless equipment and WarnerMedia revenue estimates to $4B and $8.2B, respectively, from $4.3B and $8.4B, tells investors in a research note that he expects lower upgrade rates to persist into the back half along with a more competitive film slate relative to what the 2018 box office presented. Additionally, the analyst says he thinks that AT&T can find "several billion" of cash cost to take out, if not more, by improving operational efficiencies. He expects a cost cutting plan to be in place when AT&T issues guidance after reporting Q4 results.

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Citi

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ALXN

Alexion

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SHI

Sinopec Shanghai

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-0.44 (-1.54%)

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We Company

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BMY

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Novartis

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GlaxoSmithKline

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SNY

Sanofi

$45.54

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PFE

Pfizer

$36.63

0.19 (0.52%)

MRK

Merck

$82.39

1.09 (1.34%)

LLY

Eli Lilly

$106.97

-3.03 (-2.75%)

JNJ

Johnson & Johnson

$130.13

0.95 (0.74%)

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HEXO

Hexo

$2.54

-0.05 (-1.93%)

12:32
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Syndicate
Hexo announces C$70M private placement of convertible debentures »

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CRM

Salesforce

$145.02

2.75 (1.93%)

12:30
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Options
Heavy delta short term call buyer in Salesforce »

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DYMEF

DionyMed Brands

$0.00

(0.00%)

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CMG

Chipotle

$785.08

-46.605 (-5.60%)

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BA

Boeing

$340.95

3.5 (1.04%)

, CAT

Caterpillar

$133.30

-0.39 (-0.29%)

12:28
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BA

Boeing

$340.95

3.5 (1.04%)

CAT

Caterpillar

$133.30

-0.39 (-0.29%)

TXN

Texas Instruments

$120.05

-8.56 (-6.66%)

LLY

Eli Lilly

$106.95

-3.05 (-2.77%)

FB

Facebook

$184.57

2.3 (1.26%)

ADI

Analog Devices

$106.03

-4.88 (-4.40%)

MCHP

Microchip

$93.22

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XLNX

Xilinx

$94.81

-1.2 (-1.25%)

NXPI

NXP Semiconductors

$104.12

-3.62 (-3.36%)

TNK

Teekay Tankers

$2.21

0.22 (11.06%)

WGO

Winnebago

$46.96

4.17 (9.75%)

TMO

Thermo Fisher

$296.86

15.97 (5.69%)

SNAP

Snap

$13.22

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REZI

Resideo

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LRN

K12

$20.03

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CMG

Chipotle

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SPLK

Splunk

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TMO

Thermo Fisher

$297.03

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

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GPS

Gap

$17.60

-0.27 (-1.51%)

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PYPL

PayPal

$95.85

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PYPL

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SYF

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V

Visa

$171.35

0.46 (0.27%)

MA

MasterCard

$260.61

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FB

Facebook

$184.50

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F

Ford

$9.04

-0.025 (-0.28%)

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TXN

Texas Instruments

$120.29

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Aggressive post-earnings put seller in Texas Instruments »

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GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

, FB

Facebook

$185.39

3.12 (1.71%)

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Facebook

$185.39

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SPY

SPDR S&P 500 ETF Trust

$299.50

0.47 (0.16%)

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$0.00

(0.00%)

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SPX

S&P 500

$0.00

(0.00%)

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ZS

Zscaler

$41.57

0.84 (2.06%)

11:45
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SDC

SmileDirectClub

$10.19

0.685 (7.21%)

11:39
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SmileDirectClub analyst commentary  »

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  • 12

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HEXO

Hexo

$2.54

-0.05 (-1.93%)

11:39
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Hot Stocks
Breaking Hot Stocks news story on Hexo »

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