Shares of Liberty Global PLC (NASDAQ:LBTYA) have been assigned an average recommendation of “Hold” from the eighteen analysts that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $37.65.
A number of brokerages have commented on LBTYA. TheStreet cut Liberty Global from a “c” rating to a “d” rating in a research note on Thursday. Bank of America set a $37.00 price objective on Liberty Global and gave the stock a “hold” rating in a research note on Friday. HSBC set a $35.00 price objective on Liberty Global and gave the stock a “buy” rating in a research note on Thursday, October 18th. BidaskClub cut Liberty Global from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Finally, Zacks Investment Research upgraded Liberty Global from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Monday, October 1st.
Shares of LBTYA traded down $0.40 during midday trading on Monday, reaching $25.12. 2,084,287 shares of the company were exchanged, compared to its average volume of 2,112,118. The stock has a market cap of $20.48 billion, a PE ratio of -10.97 and a beta of 1.59. Liberty Global has a 1-year low of $23.17 and a 1-year high of $39.73. The company has a debt-to-equity ratio of 5.98, a current ratio of 0.36 and a quick ratio of 0.36.
In other news, CFO Charles H. R. Bracken sold 46,054 shares of Liberty Global stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $27.27, for a total transaction of $1,255,892.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.93% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wetherby Asset Management Inc. purchased a new stake in shares of Liberty Global during the third quarter worth about $234,000. Quantitative Systematic Strategies LLC increased its position in shares of Liberty Global by 27.4% during the second quarter. Quantitative Systematic Strategies LLC now owns 10,200 shares of the company’s stock worth $281,000 after acquiring an additional 2,192 shares during the last quarter. AJ Wealth Strategies LLC bought a new stake in Liberty Global in the second quarter valued at about $308,000. Signition LP bought a new stake in Liberty Global in the third quarter valued at about $326,000. Finally, Oppenheimer & Co. Inc. increased its holdings in Liberty Global by 53.4% in the third quarter. Oppenheimer & Co. Inc. now owns 11,983 shares of the company’s stock valued at $346,000 after buying an additional 4,170 shares during the last quarter. 21.87% of the stock is currently owned by institutional investors and hedge funds.
Liberty Global Company Profile
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.
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