Liberty Global (NASDAQ:LBTYA) Downgraded to "Underperform" Rating by Bank of America

Bank of America downgraded shares of Liberty Global (NASDAQ:LBTYA - Free Report) from a neutral rating to an underperform rating in a research note released on Friday, Marketbeat Ratings reports. They currently have $12.60 price target on the stock, down from their previous price target of $13.10.

LBTYA has been the subject of a number of other reports. UBS Group cut Liberty Global from a "buy" rating to a "neutral" rating and decreased their target price for the company from $23.00 to $13.00 in a research note on Monday, November 18th. Barclays dropped their target price on shares of Liberty Global from $20.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, November 25th. Benchmark reissued a "buy" rating and set a $27.00 price objective on shares of Liberty Global in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Liberty Global from $38.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Citigroup began coverage on Liberty Global in a report on Friday, August 9th. They issued a "buy" rating and a $25.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $18.94.

Liberty Global Trading Down 3.2 %

Shares of NASDAQ:LBTYA traded down $0.44 during midday trading on Friday, hitting $13.42. The company had a trading volume of 2,945,995 shares, compared to its average volume of 1,874,769. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. Liberty Global has a 12 month low of $10.93 and a 12 month high of $21.56. The firm has a fifty day simple moving average of $18.17 and a 200 day simple moving average of $18.42. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of -1.37 and a beta of 1.24.

Insider Activity at Liberty Global

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total value of $1,224,539.68. Following the transaction, the chief financial officer now owns 53,312 shares in the company, valued at approximately $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liberty Global

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of Liberty Global by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company's stock valued at $27,000 after acquiring an additional 601 shares during the last quarter. Blue Trust Inc. increased its holdings in Liberty Global by 110.3% in the 3rd quarter. Blue Trust Inc. now owns 1,859 shares of the company's stock worth $39,000 after purchasing an additional 975 shares in the last quarter. nVerses Capital LLC bought a new position in Liberty Global in the second quarter valued at about $75,000. Whittier Trust Co. boosted its stake in shares of Liberty Global by 21,707.3% during 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 grew its holdings in shares of Liberty Global by 4,512.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company's stock worth $156,000 after purchasing an additional 8,754 shares during 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.