Liberty Global PLC (NASDAQ:LILA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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 brokerages have also recently commented on LILA. Morgan Stanley cut 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 report on Thursday, August 10th. Barclays PLC increased their target price on Liberty Global PLC from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, September 1st. Royal Bank Of Canada cut Liberty Global PLC from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $30.00 to $28.50 in a report on Monday, July 24th. Macquarie cut Liberty Global PLC from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $35.00 to $25.00 in a report on Wednesday, September 27th. Finally, Buckingham Research assumed coverage on Liberty Global PLC in a report on Friday, September 29th. They set a “buy” rating and a $30.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.31.

Liberty Global PLC (LILA) opened at 24.66 on Thursday. The stock’s market cap is $4.23 billion. The firm’s 50-day moving average price is $24.56 and its 200 day moving average price is $24.56. Liberty Global PLC has a 12-month low of $19.10 and a 12-month high of $28.18.

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Several large investors have recently bought and sold shares of LILA. Legal & General Group Plc increased its holdings in shares of Liberty Global PLC by 60.0% in the second 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 stake in shares of Liberty Global PLC in the second quarter valued at approximately $212,000. Parametric Portfolio Associates LLC increased its holdings in shares of Liberty Global PLC by 2.0% in the second 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 increased its holdings in shares of Liberty Global PLC by 11.0% in the first 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. increased its holdings in shares of Liberty Global PLC by 38.1% in the second 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.

Liberty Global PLC Company Profile

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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