Liberty Global (NASDAQ:LBTYA) Earns Buy Rating from Analysts at Citigroup

Research analysts at Citigroup began coverage on shares of Liberty Global (NASDAQ:LBTYA) in a research report issued on Friday, StockNewsAPI reports. The firm set a “buy” rating and a $25.00 price target on the stock. Citigroup’s price target points to a potential upside of 31.79% from the company’s current price.

A number of other research firms have also commented on LBTYA. Barclays reduced their price target on shares of Liberty Global from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Friday, May 3rd. Benchmark restated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.75.

Liberty Global Price Performance

NASDAQ LBTYA traded up $0.13 on Friday, reaching $18.97. The company’s stock had a trading volume of 880,985 shares, compared to its average volume of 1,797,930. The firm has a market cap of $7.07 billion, a PE ratio of -2.93 and a beta of 1.16. The business has a 50-day moving average price of $18.20 and a 200 day moving average price of $17.68. Liberty Global has a 52 week low of $15.01 and a 52 week high of $20.56. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80.

Hedge Funds Weigh In On Liberty Global

Several large investors have recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in Liberty Global in the second quarter valued at approximately $75,000. Central Pacific Bank Trust Division bought a new stake in Liberty Global in the first quarter valued at approximately $91,000. Bfsg LLC bought a new stake in Liberty Global in the fourth quarter valued at approximately $106,000. Whittier Trust Co. increased its stake in Liberty Global by 21,707.3% in the second quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock valued at $156,000 after purchasing an additional 8,900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Liberty Global by 4,512.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock valued at $156,000 after purchasing an additional 8,754 shares in the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.