Liberty Global (NASDAQ:LBTYA) Downgraded by UBS Group to Neutral

UBS Group cut shares of Liberty Global (NASDAQ:LBTYA - Free Report) from a buy rating to a neutral rating in a research note released on Monday morning, Marketbeat.com reports. UBS Group currently has $13.00 price target on the stock, down from their prior price target of $23.00.

A number of other research firms have also recently issued reports on LBTYA. Bank of America upgraded Liberty Global from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $15.50 to $21.30 in a research report on Monday, August 12th. Citigroup assumed coverage on shares of Liberty Global in a research note on Friday, August 9th. They set a "buy" rating and a $25.00 price target for the company. Finally, Benchmark reissued a "buy" rating and issued a $27.00 target price on shares of Liberty Global in a report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Liberty Global presently has a consensus rating of "Hold" and a consensus price target of $22.90.

Liberty Global Stock Performance

LBTYA stock traded down $0.06 during trading on Monday, reaching $12.16. 5,022,895 shares of the stock were exchanged, compared to its average volume of 1,822,395. Liberty Global has a twelve month low of $10.93 and a twelve month high of $21.56. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $4.35 billion, a P/E ratio of -1.20 and a beta of 1.18. The stock has a 50 day simple moving average of $20.10 and a 200-day simple moving average of $18.77.

Institutional Investors Weigh In On Liberty Global

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets bought a new stake in Liberty Global in the 1st quarter valued at approximately $311,000. SG Americas Securities LLC grew its position in Liberty Global by 25.7% in the first quarter. SG Americas Securities LLC now owns 17,713 shares of the company's stock valued at $300,000 after purchasing an additional 3,627 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Liberty Global by 39.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 56,129 shares of the company's stock valued at $932,000 after buying an additional 15,834 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Liberty Global by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 3,446,543 shares of the company's stock worth $58,316,000 after buying an additional 131,077 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Liberty Global by 32.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,222,428 shares of the company's stock valued at $20,683,000 after acquiring an additional 301,639 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company's stock.

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.