Liberty Global (NASDAQ:LBTYA) Stock Rating Reaffirmed by Benchmark

Liberty Global (NASDAQ:LBTYA - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Benchmark in a research report issued on Tuesday, Benzinga reports. They currently have a $27.00 target price on the stock. Benchmark's target price suggests a potential upside of 31.00% from the company's current price.

LBTYA has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Liberty Global from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, July 12th. Bank of America upgraded Liberty Global from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $15.50 to $21.30 in a report on Monday, August 12th. Finally, Citigroup began coverage on Liberty Global in a research report on Friday, August 9th. They set a "buy" rating and a $25.00 target price on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Liberty Global presently has a consensus rating of "Moderate Buy" and an average price target of $24.26.

Liberty Global Stock Down 1.4 %

Shares of NASDAQ LBTYA traded down $0.29 during midday trading on Tuesday, reaching $20.61. 2,056,871 shares of the company's stock traded hands, compared to its average volume of 1,726,527. The company has a market cap of $7.68 billion, a price-to-earnings ratio of -3.19 and a beta of 1.17. The stock's 50 day simple moving average is $20.36 and its 200-day simple moving average is $18.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.80. Liberty Global has a one year low of $15.01 and a one year high of $21.56.

Institutional Trading of Liberty Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in Liberty Global during the first quarter worth approximately $311,000. Central Pacific Bank Trust Division acquired a new stake in Liberty Global in the 1st quarter valued at $91,000. GSA Capital Partners LLP increased its holdings in Liberty Global by 100.5% in the 1st quarter. GSA Capital Partners LLP now owns 112,688 shares of the company's stock worth $1,907,000 after acquiring an additional 56,491 shares in the last quarter. Wittenberg Investment Management Inc. raised its position in Liberty Global by 19.7% during the first quarter. Wittenberg Investment Management Inc. now owns 365,906 shares of the company's stock worth $6,191,000 after acquiring an additional 60,108 shares during the period. Finally, ACR Alpine Capital Research LLC lifted its holdings in Liberty Global by 375.4% during the first quarter. ACR Alpine Capital Research LLC now owns 2,744,184 shares of the company's stock valued at $46,432,000 after purchasing an additional 2,166,932 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company's stock.

About Liberty Global

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.