Liberty

Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>LILA stock price has reported its quarter 3 financial report.</a></li>
 <li><span>2</span> <a>The shares have surged more than 54% after the earnings report was published.&nbsp;</a></li>
 <li><span>3</span> <a>The currency stock is in an uptrend but some corrections are predicted.</a></li>
</ul>
<p>Liberty Latin America Ltd. (NASDAQ: LILA) has announced its financial and operating results for Q3 and YTD ended September 30, 2023. In Q3, the company added 44,000 net organic internet and postpaid mobile subscribers, delivered operating income of $163 Million (up 7% YoY), expanded adjusted OIBDA to $428 Million (10% rebased growth), and repurchased $112 Million in equity and convertible notes. The company acquired spectrum and subscribers in Puerto Rico and the US Virgin Islands for $256 Million.</p>
<h2 class="wp-block-heading" id="strong-sales-and-operating-income-growth-in-the-3rd-quarter-strong"><strong>Sales and Operating income growth in the 3rd Quarter</strong></h2>
<p>Liberty Latin America Ltd. reported $1.1 Billion in revenue and $163 Million in operating income. Four of their five operating segments delivered double-digit rebased adjusted operating income before depreciation and amortization (OIBDA) growth in the quarter, which propelled them to achieve accelerated 10% rebased adjusted OIBDA growth. This is Liberty Latin’s best quarterly result in 2 years. By the end, the firm also reported $428 Million in adjusted OIBDA in Q3.</p>
<p>The company continues to make progress on its integration and with the migration of mobile subscribers in Puerto Rico and the USVI. To date, they have migrated approximately 225,000 subscribers and launched sales efforts for prepaid products on their new platform.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-other-remarkable-achievements-in-the-3rd-quarter-strong"><strong>Other Remarkable Achievements in the 3rd Quarter&nbsp;</strong></h3>
<p>Their latest postpaid offerings are gaining traction with iPhone 15 sales and shipments exceeding the iPhone 14 launch by more than 50%. Their fixed services year-to-date revenue growth is at 5%, which bodes well for when they can sell a bundled offering in 2024.&nbsp;</p>
<p>In Q3, they purchased $112 Million of their equity and convertible notes, bringing their year-to-date spending to nearly $300 Million. Overall, they continued to drive operational and financial progress in the quarter and have taken important steps to create value through their inorganic strategy. They are on track to build on this outstanding growth for a robust fourth-quarter performance and continued growth in future years.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-the-lila-stock-price-strong"><strong>Technical Analysis and Prediction of the LILA Stock Price&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/ovUJx8jXT56B8vc2Pbm_U7guaD-d_7xIoVDj6JhVIi0cTS1UlfebxhqpLi7deQaxdCQG7KAZFA0YyXkP6fh6UQirKVw8nlZCXZhrxffTvDiCFKn3EFKDr3bKPypGcF8rhEuqB2Ydb9F3COJnVzXf0ZI" alt="LILA Stock Price: Investors Shouldn't Miss this Possible Breakout">
  <figcaption class="wp-element-caption"><a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=NASDAQ%3ALILA" rel="noopener noreferrer nofollow">NASDAQ: LILA chart by TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div>
<p>At press time, the LILA <a href="https://www.thecoinrepublic.com/2023/10/15/backed-by-strong-financials-cey-stock-price-rose-11-6-in-5-days/" rel="noopener noreferrer nofollow">stock price</a> is trading at $7.19. The stock surged 12.5% after the release of the quarterly report. The bulls have risen to the level of their immediate resistance at $7.36 after reclaiming the demand zone of $6.41. The RSI is at a neutral level of 52, leaving enough space for the bulls to sustain above the current resistance level. Therefore, the prediction as per the technical levels is bullish for the short term.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>Liberty Latin America Ltd. (NASDAQ: LILA)&nbsp; stock price started rising after the company posted a positive quarter 3 report. The firm has made some remarkable achievements during the last 3 months. The current LILA stock price prediction is bullish.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels: </strong>$6.41, and $5.89</p>
<p><strong>Resistance Levels: </strong>$7.36, and $8.07</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

LILA Stock Price: Investors Shouldn’t Miss this Possible Breakout

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Thecoinrepublic.com

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