Liberty Global PLC (LILA) Upgraded by Zacks Investment Research to Hold

Liberty Global PLC (NASDAQ:LILA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, July 12th.

According to Zacks, “Liberty LiLAC Group is a cable company. The Company provides video, broadband Internet, fixed-line telephony and mobile services primarily in Europe, Chile, Puerto Rico and internationally. Liberty LiLAC Group is based in United States. “

A number of other brokerages have also recently commented on LILA. Royal Bank Of Canada set a $29.00 price objective on Liberty Global PLC and gave the stock a “buy” rating in a research note on Saturday, May 6th. Macquarie restated a “buy” rating and set a $29.00 price objective on shares of Liberty Global PLC in a research note on Monday, May 8th. Finally, ValuEngine upgraded Liberty Global PLC from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Liberty Global PLC presently has an average rating of “Hold” and an average target price of $30.50.

Shares of Liberty Global PLC (LILA) opened at 26.99 on Wednesday. The firm’s 50-day moving average is $24.57 and its 200-day moving average is $22.83. Liberty Global PLC has a one year low of $19.10 and a one year high of $30.13. The stock’s market capitalization is $4.63 billion.

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Hedge funds have recently made changes to their positions in the stock. Vivaldi Capital Management LLC purchased a new stake in shares of Liberty Global PLC during the first quarter valued at $7,499,239,000. RMB Capital Management LLC purchased a new stake in shares of Liberty Global PLC during the first quarter valued at $4,981,000. Gruss Capital Management LP purchased a new stake in shares of Liberty Global PLC during the first quarter valued at $12,159,000. Oxford Asset Management purchased a new stake in shares of Liberty Global PLC during the first quarter valued at $1,490,000. Finally, Vivaldi Asset Management LLC raised its stake in shares of Liberty Global PLC by 4.3% in the first quarter. Vivaldi Asset Management LLC now owns 81,886 shares of the company’s stock valued at $1,821,000 after buying an additional 3,400 shares in the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

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