Liberty Global (LBTYK) Cut to D at TheStreet
Separately, ValuEngine upgraded Liberty Global from a sell rating to a hold rating in a research note on Tuesday, October 2nd.
LBTYK opened at $24.51 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 5.98. Liberty Global has a 52 week low of $22.56 and a 52 week high of $37.86.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Liberty Global by 3.8% during the third quarter. BlackRock Inc. now owns 17,891,042 shares of the company’s stock valued at $503,813,000 after buying an additional 653,030 shares during the last quarter. Pendal Group Ltd purchased a new position in Liberty Global during the third quarter valued at $259,322,000. CI Investments Inc. raised its stake in Liberty Global by 2.8% during the third quarter. CI Investments Inc. now owns 5,386,900 shares of the company’s stock valued at $151,695,000 after buying an additional 147,600 shares during the last quarter. Macquarie Group Ltd. raised its stake in Liberty Global by 15.6% during the second quarter. Macquarie Group Ltd. now owns 5,031,815 shares of the company’s stock valued at $133,896,000 after buying an additional 680,747 shares during the last quarter. Finally, ACR Alpine Capital Research LLC raised its stake in Liberty Global by 12.3% during the second quarter. ACR Alpine Capital Research LLC now owns 4,252,303 shares of the company’s stock valued at $113,154,000 after buying an additional 464,562 shares during the last quarter. Institutional investors and hedge funds own 58.26% of the company’s stock.
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.
Read More: Fundamental Analysis and Choosing Stocks
Receive News & Ratings for Liberty Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global and related companies with MarketBeat.com's FREE daily email newsletter.