Redburn Partners upgraded shares of Liberty Global PLC (NASDAQ:LBTYA) to a buy rating in a research report released on Tuesday.

Several other analysts have also recently commented on the company. ValuEngine upgraded Liberty Global PLC from a hold rating to a buy rating in a research report on Thursday, July 6th. BidaskClub upgraded Liberty Global PLC from a sell rating to a hold rating in a research report on Monday, July 3rd. Macquarie restated a buy rating and issued a $36.00 target price (down from $40.00) on shares of Liberty Global PLC in a research report on Wednesday, June 21st. Zacks Investment Research upgraded Liberty Global PLC from a hold rating to a buy rating and set a $33.00 target price on the stock in a research report on Tuesday, June 20th. Finally, Jefferies Group LLC set a $43.00 target price on Liberty Global PLC and gave the company a buy rating in a research report on Saturday, June 17th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Liberty Global PLC has an average rating of Buy and a consensus target price of $40.00.

Liberty Global PLC (LBTYA) opened at 32.82 on Tuesday. Liberty Global PLC has a one year low of $28.17 and a one year high of $37.69. The firm has a market cap of $33.79 billion, a price-to-earnings ratio of 19.74 and a beta of 1.66. The company’s 50-day moving average price is $30.15 and its 200-day moving average price is $33.41.

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In related news, Director John C. Malone bought 384,673 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The shares were acquired at an average cost of $21.80 per share, for a total transaction of $8,385,871.40. Following the acquisition, the director now directly owns 761,816 shares of the company’s stock, valued at approximately $16,607,588.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John C. Malone bought 139,052 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was bought at an average price of $21.74 per share, for a total transaction of $3,022,990.48. Following the completion of the acquisition, the director now directly owns 761,816 shares in the company, valued at $16,561,879.84. The disclosure for this purchase can be found here. Insiders purchased a total of 1,610,000 shares of company stock worth $37,412,081 over the last 90 days. Insiders own 5.81% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Searle & CO. bought a new position in shares of Liberty Global PLC during the first quarter worth about $620,000. Ameritas Investment Partners Inc. bought a new position in shares of Liberty Global PLC during the first quarter worth about $163,000. Simplex Trading LLC bought a new position in shares of Liberty Global PLC during the second quarter worth about $164,000. Everett Harris & Co. CA bought a new position in shares of Liberty Global PLC during the first quarter worth about $201,000. Finally, Waldron LP bought a new position in shares of Liberty Global PLC during the first quarter worth about $209,000. Institutional investors and hedge funds own 23.57% of the company’s stock.

Liberty Global PLC Company Profile

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.

Analyst Recommendations for Liberty Global PLC (NASDAQ:LBTYA)

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