Liberty Global (NASDAQ:LBTYA) was upgraded by equities researchers at TheStreet from a “d” rating to a “c” rating in a research note issued on Thursday, TheStreetRatingsTable reports.
A number of other analysts also recently weighed in on the company. Benchmark decreased their price objective on Liberty Global from $34.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Barclays downgraded Liberty Global from an “overweight” rating to an “equal weight” rating and set a $30.00 price objective for the company. in a report on Wednesday, September 25th. BidaskClub upgraded Liberty Global from a “sell” rating to a “hold” rating in a report on Thursday, September 5th. Citigroup downgraded Liberty Global from a “buy” rating to a “sell” rating and decreased their price objective for the company from $31.00 to $25.00 in a report on Friday, September 20th. Finally, New Street Research downgraded Liberty Global from a “buy” rating to a “neutral” rating in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $29.36.
Liberty Global stock traded down $0.02 during midday trading on Thursday, reaching $24.82. 1,401,900 shares of the company’s stock were exchanged, compared to its average volume of 1,999,638. Liberty Global has a 52 week low of $19.88 and a 52 week high of $28.62. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of -12.60 and a beta of 1.46. The company has a debt-to-equity ratio of 7.15, a quick ratio of 0.39 and a current ratio of 0.39. The stock’s 50-day simple moving average is $25.00 and its 200 day simple moving average is $26.15.
In related news, Director David E. Rapley sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $23.82, for a total value of $47,640.00. Following the transaction, the director now owns 6,045 shares of the company’s stock, valued at approximately $143,991.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Bryan H. Hall sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $27.10, for a total transaction of $542,000.00. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $4,329,604.40. The disclosure for this sale can be found here. 6.48% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in LBTYA. Nomura Asset Management Co. Ltd. increased its stake in Liberty Global by 1.6% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 39,499 shares of the company’s stock valued at $1,066,000 after buying an additional 610 shares during the last quarter. CIBC Asset Management Inc increased its stake in Liberty Global by 3.9% in the 2nd quarter. CIBC Asset Management Inc now owns 17,556 shares of the company’s stock valued at $474,000 after buying an additional 660 shares during the last quarter. Coastal Investment Advisors Inc. increased its stake in Liberty Global by 24.9% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 3,510 shares of the company’s stock valued at $85,000 after buying an additional 700 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Liberty Global by 9.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,551 shares of the company’s stock valued at $285,000 after buying an additional 920 shares during the last quarter. Finally, Mycio Wealth Partners LLC purchased a new stake in Liberty Global in the 2nd quarter valued at about $25,000. 23.14% of the stock is currently owned by institutional investors and hedge funds.
About Liberty Global
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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