Zacks Investment Research upgraded shares of Liberty Global PLC (NASDAQ:LILA) from a hold rating to a buy rating in a research report released on Wednesday morning. Zacks Investment Research currently has $29.00 target price on the stock.

According to Zacks, “Liberty LiLAC Group is a cable company. The Company provides video, broadband Internet, fixed-line telephony and mobile services primarily in Europe, Chile, Puerto Rico and internationally. Liberty LiLAC Group is based in United States. “

A number of other research analysts have also issued reports on LILA. Morgan Stanley lowered Liberty Global PLC from an equal weight rating to an underweight rating and increased their target price for the company from $22.00 to $26.00 in a research report on Thursday, August 10th. Buckingham Research assumed coverage on Liberty Global PLC in a research report on Friday, September 29th. They set a buy rating and a $30.00 target price on the stock. Macquarie lowered Liberty Global PLC from an outperform rating to a neutral rating and decreased their target price for the company from $35.00 to $25.00 in a research report on Wednesday, September 27th. Royal Bank Of Canada lowered Liberty Global PLC from an outperform rating to a sector perform rating and decreased their target price for the company from $30.00 to $28.50 in a research report on Monday, July 24th. Finally, Barclays PLC increased their price objective on Liberty Global PLC from $23.00 to $25.00 and gave the company an equal weight rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $30.31.

Liberty Global PLC (LILA) traded down 0.55% during midday trading on Wednesday, hitting $25.39. 155,529 shares of the stock traded hands. The company’s 50 day moving average price is $24.51 and its 200 day moving average price is $24.51. The firm’s market cap is $4.35 billion. Liberty Global PLC has a 12 month low of $19.10 and a 12 month high of $28.33.

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A number of hedge funds and other institutional investors have recently bought and sold shares of LILA. Legal & General Group Plc raised its stake in Liberty Global PLC by 60.0% in the 2nd quarter. Legal & General Group Plc now owns 9,598 shares of the company’s stock valued at $209,000 after purchasing an additional 3,598 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Liberty Global PLC in the 2nd quarter valued at $212,000. Parametric Portfolio Associates LLC raised its stake in Liberty Global PLC by 2.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,004 shares of the company’s stock valued at $240,000 after purchasing an additional 211 shares during the last quarter. Rafferty Asset Management LLC raised its stake in Liberty Global PLC by 11.0% in the 1st quarter. Rafferty Asset Management LLC now owns 12,669 shares of the company’s stock valued at $282,000 after purchasing an additional 1,258 shares during the last quarter. Finally, Wayne Hummer Investments L.L.C. raised its stake in Liberty Global PLC by 38.1% in the 2nd quarter. Wayne Hummer Investments L.L.C. now owns 13,531 shares of the company’s stock valued at $295,000 after purchasing an additional 3,732 shares during the last quarter. 21.44% of the stock is owned by hedge funds and other institutional investors.

About Liberty Global PLC

LiLAC Group provides various broadband services over cable distribution systems, and mobile services in Chile and Puerto Rico. It offers triple-play services consisting of video, broadband Internet, and fixed-line telephony services in 34 communities within Santiago; and 42 communities outside Santiago, including Iquique, Antofagasta, Concepción, Viña del Mar, Valparaiso, and Rancagua, as well as smaller cities across Chile.

Analyst Recommendations for Liberty Global PLC (NASDAQ:LILA)

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