Liberty Global (NASDAQ:LBTYA - Get Free Report) was downgraded by research analysts at Sanford C. Bernstein from an "outperform" rating to a "market perform" rating in a report issued on Thursday, MarketBeat reports. They currently have a $12.40 price target on the stock, down from their prior price target of $24.70. Sanford C. Bernstein's price target points to a potential upside of 4.33% from the company's current price.
Other analysts also recently issued research reports about the company. UBS Group downgraded Liberty Global from a "buy" rating to a "neutral" rating and dropped their price target for the company from $23.00 to $13.00 in a research note on Monday, November 18th. Bank of America lowered Liberty Global from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $13.10 to $12.60 in a research report on Friday, December 6th. Barclays reduced their price target on shares of Liberty Global from $20.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Liberty Global from $38.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, December 5th. Finally, Benchmark restated a "buy" rating and set a $27.00 target price on shares of Liberty Global in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.13.
Check Out Our Latest Stock Report on Liberty Global
Liberty Global Stock Up 2.1 %
LBTYA stock traded up $0.25 on Thursday, hitting $11.89. 1,489,511 shares of the company's stock were exchanged, compared to its average volume of 1,627,024. The firm has a 50 day moving average price of $12.74 and a two-hundred day moving average price of $17.29. Liberty Global has a 12-month low of $10.93 and a 12-month high of $21.56. The stock has a market cap of $4.25 billion, a P/E ratio of -1.17 and a beta of 1.25. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19.
Insider Activity
In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the transaction, the chief financial officer now owns 53,312 shares of the company's stock, valued at $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 11.51% of the company's stock.
Hedge Funds Weigh In On Liberty Global
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Liberty Global by 212.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company's stock worth $57,336,000 after acquiring an additional 2,236,696 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of Liberty Global during the 2nd quarter worth $480,000. EverSource Wealth Advisors LLC grew its stake in shares of Liberty Global by 63.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company's stock worth $27,000 after purchasing an additional 601 shares in the last quarter. Marshall Wace LLP purchased a new position in Liberty Global in the second quarter valued at $2,317,000. Finally, Lighthouse Investment Partners LLC lifted its stake in Liberty Global by 33.3% during the second quarter. Lighthouse Investment Partners LLC now owns 192,024 shares of the company's stock worth $3,347,000 after purchasing an additional 47,956 shares during the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.
Liberty Global Company Profile
(
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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.
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