Liberty Global PLC (LBTYA) Given Consensus Rating of “Buy” by Brokerages
Liberty Global PLC (NASDAQ:LBTYA) has earned an average recommendation of “Buy” from the eighteen ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $40.23.
Several research firms have issued reports on LBTYA. Morgan Stanley boosted their price objective on shares of Liberty Global PLC from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. BidaskClub raised shares of Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Liberty Global PLC from a “sell” rating to a “hold” rating in a report on Friday, August 4th. ValuEngine lowered shares of Liberty Global PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $40.00 price target on shares of Liberty Global PLC in a report on Monday, October 2nd.
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In other Liberty Global PLC news, Director John C. Malone sold 90,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 4,975,876 shares in the company, valued at approximately $164,253,666.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J David Wargo purchased 75,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $22.08 per share, for a total transaction of $1,656,000.00. Following the purchase, the director now directly owns 119,445 shares in the company, valued at approximately $2,637,345.60. The disclosure for this purchase can be found here. Corporate insiders own 3.93% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Americafirst Capital Management LLC purchased a new stake in shares of Liberty Global PLC in the 3rd quarter valued at $108,000. Neuberger Berman Group LLC purchased a new stake in shares of Liberty Global PLC in the 3rd quarter valued at $207,000. California Public Employees Retirement System boosted its holdings in shares of Liberty Global PLC by 4.8% in the 3rd quarter. California Public Employees Retirement System now owns 594,545 shares of the company’s stock valued at $20,161,000 after acquiring an additional 27,314 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Liberty Global PLC in the 3rd quarter valued at $191,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Liberty Global PLC by 35.7% in the 3rd quarter. Janus Henderson Group PLC now owns 67,672 shares of the company’s stock valued at $2,294,000 after acquiring an additional 17,809 shares during the last quarter. 22.53% of the stock is currently owned by institutional investors and hedge funds.
Liberty Global PLC (NASDAQ LBTYA) traded up $0.06 during trading on Friday, reaching $30.70. 692,601 shares of the company’s stock traded hands, compared to its average volume of 2,409,237. The stock has a market cap of $25,140.27, a PE ratio of 37.37 and a beta of 1.62. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.47 and a current ratio of 0.47. Liberty Global PLC has a 12 month low of $28.17 and a 12 month high of $37.69.
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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