HSBC Holdings plc Begins Coverage on Liberty Global PLC (NASDAQ:LILA)

HSBC Holdings plc began coverage on shares of Liberty Global PLC (NASDAQ:LILA) in a research note issued to investors on Monday, October 9th, MarketBeat reports. The brokerage issued a reduce rating and a $22.50 target price on the stock.

Several other equities analysts have also recently weighed in on the stock. Barclays PLC lifted their price objective on shares of Liberty Global PLC from $23.00 to $25.00 and gave the stock an equal weight rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Liberty Global PLC from a sell rating to a hold rating in a research report on Wednesday, July 12th. Royal Bank Of Canada cut shares of Liberty Global PLC from an outperform rating to a sector perform rating and lowered their price objective for the stock from $30.00 to $28.50 in a research report on Monday, July 24th. Macquarie cut shares of Liberty Global PLC from an outperform rating to a neutral rating and lowered their price objective for the stock from $35.00 to $25.00 in a research report on Wednesday, September 27th. Finally, Buckingham Research started coverage on shares of Liberty Global PLC in a research report on Friday, September 29th. They set a buy rating and a $30.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Liberty Global PLC currently has an average rating of Hold and a consensus target price of $29.39.

Shares of Liberty Global PLC (NASDAQ LILA) opened at 21.91 on Monday. The company’s 50-day moving average price is $24.38 and its 200 day moving average price is $24.38. Liberty Global PLC has a 12-month low of $19.10 and a 12-month high of $28.11. The firm’s market capitalization is $3.75 billion.

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Hedge funds have recently made changes to their positions in the company. Ranger International Management LP lifted its holdings in Liberty Global PLC by 261.9% in the first quarter. Ranger International Management LP now owns 2,211 shares of the company’s stock valued at $49,173,000 after buying an additional 1,600 shares during the period. Legal & General Group Plc lifted its holdings in 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 buying an additional 3,598 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Liberty Global PLC in the second quarter valued at approximately $212,000. Archford Capital Strategies LLC lifted its holdings in Liberty Global PLC by 989,600.0% in the second quarter. Archford Capital Strategies LLC now owns 9,897 shares of the company’s stock valued at $547,000 after buying an additional 9,896 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in 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 buying an additional 211 shares during the period. Institutional investors own 21.44% of the company’s stock.

About Liberty Global PLC

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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