Liberty Global PLC (LILA) Stock Rating Lowered by Barclays PLC

Liberty Global PLC (NASDAQ:LILA) was downgraded by stock analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating in a research report issued to clients and investors on Monday, November 6th, MarketBeat reports. They currently have a $20.00 price target on the stock, down from their prior price target of $24.00. Barclays PLC’s target price points to a potential downside of 7.62% from the company’s current price.

LILA has been the topic of a number of other research reports. Zacks Investment Research raised shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. began coverage on shares of Liberty Global in a report on Monday, October 9th. They issued a “reduce” rating and a $22.50 price target on the stock. Royal Bank Of Canada lowered shares of Liberty Global from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $30.00 to $28.50 in a report on Monday, July 24th. Buckingham Research assumed coverage on shares of Liberty Global in a report on Friday, September 29th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Macquarie lowered shares of Liberty Global 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. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $27.19.

Shares of Liberty Global (NASDAQ LILA) traded up $0.09 during trading hours on Monday, hitting $21.65. 88,944 shares of the stock were exchanged, compared to its average volume of 423,013. Liberty Global has a 1 year low of $19.65 and a 1 year high of $28.11.

Several hedge funds have recently added to or reduced their stakes in LILA. Alken Asset Management Ltd. bought a new position in shares of Liberty Global during the 2nd quarter valued at $36,663,000. Genesis Asset Managers LLP grew its holdings in shares of Liberty Global by 11.1% during the 2nd quarter. Genesis Asset Managers LLP now owns 8,270,705 shares of the company’s stock valued at $180,053,000 after purchasing an additional 823,813 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Liberty Global by 115.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 948,650 shares of the company’s stock valued at $22,540,000 after buying an additional 508,589 shares during the period. Vivaldi Asset Management LLC boosted its position in Liberty Global by 589.0% during the 2nd quarter. Vivaldi Asset Management LLC now owns 564,167 shares of the company’s stock valued at $12,282,000 after buying an additional 482,281 shares during the period. Finally, Chilton Investment Co. LLC boosted its position in Liberty Global by 82.0% during the 2nd quarter. Chilton Investment Co. LLC now owns 467,108 shares of the company’s stock valued at $10,169,000 after buying an additional 210,514 shares during the period. 21.53% of the stock is currently owned by institutional investors.

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About Liberty Global

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 (NASDAQ:LILA)

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