Liberty Global PLC (LBTYA) Rating Lowered to Hold at Zacks Investment Research

Liberty Global PLC (NASDAQ:LBTYA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Liberty Global continues to grow in the Europe and Central America through several mergers and acquisitions and is looking for more takeover options to expand its footprint. Launch of Telenet Innovation Center will help the company create and test new products focused on new mobile technologies. Liberty Global launched a new customer-friendly app, Connect App. The launch of DOCSIS 3.1 network services, joint venture with Vodafone in Netherlands, buyout of UTV Ireland TV stations from ITV, takeover of Cable & Wireless bode well for the company's growth. On the other hand, Liberty Global’s predominant operation in Europe remains a major concern. Further, stiff competition in the video, broadband, fixed-line telephony and mobile services business, foreign exchange rate risks and integration risks are major risks. Over the past six months, the stock price declined 6.4% as against the industry’s growth of 2.0%.”

Several other equities analysts also recently weighed in on the stock. ValuEngine downgraded shares of Liberty Global PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub raised shares of Liberty Global PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Jefferies Group LLC set a $43.00 price target on shares of Liberty Global PLC and gave the stock a “buy” rating in a research note on Saturday, June 17th. UBS AG started coverage on shares of Liberty Global PLC in a research note on Friday, June 16th. They issued a “neutral” rating and a $31.00 price target on the stock. Finally, Macquarie reissued a “buy” rating and issued a $36.00 price target (down from $40.00) on shares of Liberty Global PLC in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $40.83.

Shares of Liberty Global PLC (NASDAQ LBTYA) traded down 0.40% during mid-day trading on Tuesday, reaching $32.24. 559,483 shares of the company’s stock traded hands. Liberty Global PLC has a 12-month low of $28.17 and a 12-month high of $37.69. The company has a market cap of $32.36 billion, a P/E ratio of 35.43 and a beta of 1.63. The company’s 50 day moving average is $33.41 and its 200 day moving average is $32.81.

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In other Liberty Global PLC news, Director John C. Malone sold 90,000 shares of Liberty Global PLC stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $33.01, for a total transaction of $2,970,900.00. Following the completion of the sale, the director now directly owns 4,975,876 shares in the company, valued at $164,253,666.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John C. Malone purchased 242,778 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were bought at an average price of $24.83 per share, with a total value of $6,028,177.74. Following the completion of the transaction, the director now owns 927,830 shares of the company’s stock, valued at $23,038,018.90. The disclosure for this purchase can be found here. Insiders have sold 182,985 shares of company stock worth $5,994,738 over the last ninety days. 5.81% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in LBTYA. Standard Life Investments LTD acquired a new stake in shares of Liberty Global PLC during the second quarter valued at about $105,000. D.A. Davidson & CO. increased its position in shares of Liberty Global PLC by 69.6% during the second quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock valued at $107,000 after acquiring an additional 1,374 shares during the last quarter. Commonwealth Bank of Australia increased its position in shares of Liberty Global PLC by 96.7% during the second quarter. Commonwealth Bank of Australia now owns 4,712 shares of the company’s stock valued at $150,000 after acquiring an additional 2,316 shares during the last quarter. Jacobi Capital Management LLC increased its position in shares of Liberty Global PLC by 1.1% during the second quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock valued at $162,000 after acquiring an additional 57 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Liberty Global PLC during the first quarter valued at about $163,000. Institutional investors and hedge funds own 22.04% of the company’s stock.

Liberty Global PLC Company Profile

Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.

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