Liberty Global PLC (NASDAQ:LBTYA) was downgraded by investment analysts at Exane BNP Paribas from an “outperform” rating to an “underperform” rating in a report issued on Monday, September 11th.
Several other equities research analysts have also recently issued reports on LBTYA. Royal Bank Of Canada reaffirmed a “buy” rating and set a $42.00 price target on shares of Liberty Global PLC in a research note on Monday, May 15th. Credit Suisse Group cut shares of Liberty Global PLC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 24th. BidaskClub cut shares of Liberty Global PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, June 9th. UBS AG initiated coverage on shares of Liberty Global PLC in a research note on Friday, June 16th. They set a “neutral” rating and a $31.00 price target on the stock. Finally, Jefferies Group LLC set a $43.00 price target on shares of Liberty Global PLC and gave the stock a “buy” rating in a research note on Saturday, June 17th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Liberty Global PLC presently has a consensus rating of “Buy” and a consensus target price of $39.92.
Liberty Global PLC (NASDAQ LBTYA) opened at 33.67 on Monday. The company has a 50-day moving average of $33.70 and a 200 day moving average of $33.06. Liberty Global PLC has a one year low of $28.17 and a one year high of $37.69. The company has a market cap of $33.79 billion, a P/E ratio of 37.00 and a beta of 1.66.
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In other news, Director John C. Malone purchased 223,186 shares of Liberty Global PLC stock in a transaction dated Thursday, July 6th. The stock was bought at an average price of $21.76 per share, with a total value of $4,856,527.36. Following the completion of the acquisition, the director now owns 761,816 shares in the company, valued at approximately $16,577,116.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David E. Rapley sold 2,985 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $32.81, for a total transaction of $97,937.85. Following the transaction, the director now directly owns 14,795 shares of the company’s stock, valued at approximately $485,423.95. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 1,610,000 shares of company stock valued at $37,412,081. Insiders own 3.93% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in LBTYA. Standard Life Investments LTD acquired a new position in shares of Liberty Global PLC during the second quarter valued at $105,000. D.A. Davidson & CO. boosted its holdings in shares of Liberty Global PLC by 69.6% during the second quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock valued at $107,000 after acquiring an additional 1,374 shares during the period. Commonwealth Bank of Australia boosted its holdings in shares of Liberty Global PLC by 96.7% during the second quarter. Commonwealth Bank of Australia now owns 4,712 shares of the company’s stock valued at $150,000 after acquiring an additional 2,316 shares during the period. Jacobi Capital Management LLC boosted its holdings in shares of Liberty Global PLC by 1.1% during the second quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock valued at $162,000 after acquiring an additional 57 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Liberty Global PLC during the first quarter valued at $163,000. 22.04% of the stock is owned by institutional investors.
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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