Liberty Global PLC (LBTYA) Given “Buy” Rating at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reiterated their buy rating on shares of Liberty Global PLC (NASDAQ:LBTYA) in a research report released on Friday morning. Goldman Sachs Group Inc. currently has a $41.00 price objective on the stock.
A number of other equities analysts also recently commented on LBTYA. Jefferies Group boosted their target price on shares of Liberty Global PLC from $42.00 to $43.00 and gave the stock a buy rating in a research note on Friday, September 9th. BNP Paribas began coverage on shares of Liberty Global PLC in a research note on Friday, September 2nd. They set an outperform rating and a $41.00 target price for the company. Citigroup Inc. lowered their target price on shares of Liberty Global PLC from $41.00 to $38.00 and set a buy rating for the company in a research note on Thursday, August 18th. Zacks Investment Research upgraded shares of Liberty Global PLC from a sell rating to a hold rating in a research note on Monday, August 8th. Finally, Wunderlich lowered their target price on shares of Liberty Global PLC from $53.00 to $49.00 and set a hold rating for the company in a research note on Wednesday, July 6th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Liberty Global PLC currently has an average rating of Buy and an average price target of $44.85.
Liberty Global PLC (NASDAQ:LBTYA) opened at 33.50 on Friday. Liberty Global PLC has a 1-year low of $26.16 and a 1-year high of $49.00. The stock’s market cap is $30.82 billion. The firm’s 50 day moving average price is $32.08 and its 200-day moving average price is $34.61.
Liberty Global PLC (NASDAQ:LBTYA) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.41. Liberty Global PLC had a negative return on equity of 2.62% and a negative net margin of 1.71%. On average, equities analysts anticipate that Liberty Global PLC will post ($0.05) earnings per share for the current year.
In related news, Director Andrew Cole bought 1,000 shares of the company’s stock in a transaction on Monday, June 27th. The stock was bought at an average cost of $26.97 per share, with a total value of $26,970.00. Following the completion of the acquisition, the director now owns 48,549 shares in the company, valued at approximately $1,309,366.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.93% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC acquired a new stake in Liberty Global PLC during the fourth quarter valued at approximately $3,331,000. Norges Bank acquired a new stake in Liberty Global PLC during the fourth quarter valued at approximately $93,434,000. OLD National Bancorp IN raised its stake in Liberty Global PLC by 11.9% in the first quarter. OLD National Bancorp IN now owns 10,898 shares of the company’s stock valued at $420,000 after buying an additional 1,163 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Liberty Global PLC by 7.9% in the first quarter. Glenmede Trust Co. NA now owns 17,059 shares of the company’s stock valued at $656,000 after buying an additional 1,251 shares in the last quarter. Finally, CQS Cayman LP acquired a new stake in Liberty Global PLC during the first quarter valued at approximately $14,759,000. Institutional investors and hedge funds own 21.20% of the company’s stock.
About Liberty Global PLC
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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