Liberty Global PLC (NASDAQ:LBTYA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “Liberty Global reported mixed financial results in the third quarter of 2016 wherein the bottom line failed to beat the Zacks Consensus Estimate while the top line managed to beat the same. Liberty Global is expected to benefit from its widespread adoption of broadband and data services in the form of its new launch of DOCSIS 3.1 network services in 2017. Further, the merger and acquisitions plans of the company look impressive. However, Liberty Global’s predominant operation in Europe is a major concern because of the prevalence of recessionary pressure, debt crisis and low per capita income in several European countries. Moreover, stiff competition in the video, broadband, fixed-line telephony and mobile services business, foreign exchange rate risks and integration risks remain major dampeners.”

Several other equities research analysts have also recently issued reports on LBTYA. TheStreet cut Liberty Global PLC from a “hold” rating to a “sell” rating in a report on Monday, November 7th. BNP Paribas assumed coverage on Liberty Global PLC in a report on Friday, September 2nd. They set an “outperform” rating and a $41.00 price objective on the stock. Wunderlich decreased their price objective on Liberty Global PLC from $49.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, November 7th. Jefferies Group raised their price objective on Liberty Global PLC from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, September 9th. Finally, Citigroup Inc. decreased their price objective on Liberty Global PLC from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. Liberty Global PLC presently has an average rating of “Buy” and an average target price of $43.50.

Analyst Recommendations for Liberty Global PLC (NASDAQ:LBTYA)

Shares of Liberty Global PLC (NASDAQ:LBTYA) opened at 30.62 on Thursday. Liberty Global PLC has a one year low of $26.16 and a one year high of $40.44. The stock’s market cap is $27.75 billion. The firm’s 50-day moving average price is $32.46 and its 200 day moving average price is $33.25.

In other news, EVP Bryan H. Hall acquired 5,900 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was purchased at an average cost of $20.03 per share, with a total value of $118,177.00. Following the completion of the acquisition, the executive vice president now directly owns 23,429 shares in the company, valued at $469,282.87. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul A. Gould acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, November 9th. The stock was purchased at an average cost of $20.21 per share, with a total value of $202,100.00. Following the completion of the acquisition, the director now owns 77,021 shares of the company’s stock, valued at $1,556,594.41. The disclosure for this purchase can be found here. Insiders own 3.93% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Dodge & Cox raised its stake in shares of Liberty Global PLC by 5.2% in the second quarter. Dodge & Cox now owns 15,989,587 shares of the company’s stock valued at $464,657,000 after buying an additional 795,282 shares in the last quarter. Manning & Napier Advisors LLC raised its stake in shares of Liberty Global PLC by 2.8% in the third quarter. Manning & Napier Advisors LLC now owns 12,892,453 shares of the company’s stock valued at $440,663,000 after buying an additional 345,871 shares in the last quarter. Coatue Management LLC raised its stake in shares of Liberty Global PLC by 25.6% in the second quarter. Coatue Management LLC now owns 6,385,880 shares of the company’s stock valued at $185,574,000 after buying an additional 1,302,103 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Liberty Global PLC by 8.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,241,888 shares of the company’s stock valued at $152,329,000 after buying an additional 423,219 shares in the last quarter. Finally, Jackson Square Partners LLC raised its stake in shares of Liberty Global PLC by 22.4% in the second quarter. Jackson Square Partners LLC now owns 3,623,732 shares of the company’s stock valued at $105,305,000 after buying an additional 663,403 shares in the last quarter. 20.71% of the stock is owned by hedge funds and other institutional investors.

About Liberty Global PLC

Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.

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