Liberty Global PLC (LBTYA) Upgraded to Buy at ValuEngine
Liberty Global PLC (NASDAQ:LBTYA) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, July 6th.
LBTYA has been the subject of several other research reports. Zacks Investment Research upgraded Liberty Global PLC from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Tuesday, June 20th. Macquarie restated a “buy” rating and issued a $42.00 price objective on shares of Liberty Global PLC in a research note on Tuesday, April 4th. Jefferies Group LLC set a $42.00 price objective on Liberty Global PLC and gave the company a “buy” rating in a research note on Thursday, March 16th. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 price objective on shares of Liberty Global PLC in a research note on Friday, May 5th. Finally, BidaskClub downgraded Liberty Global PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, June 9th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Liberty Global PLC presently has a consensus rating of “Buy” and an average price target of $40.00.
Shares of Liberty Global PLC (NASDAQ:LBTYA) traded up 0.95% during mid-day trading on Thursday, hitting $32.82. 1,471,873 shares of the company were exchanged. Liberty Global PLC has a 12-month low of $28.17 and a 12-month high of $37.69. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 11.40 and a beta of 1.66. The firm has a 50 day moving average of $30.15 and a 200 day moving average of $33.41.
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In other Liberty Global PLC news, Director John C. Malone acquired 223,186 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were purchased at an average cost of $21.76 per share, for a total transaction of $4,856,527.36. Following the transaction, the director now owns 761,816 shares in the company, valued at $16,577,116.16. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John C. Malone acquired 100,719 shares of the business’s stock in a transaction dated Tuesday, July 11th. The stock was acquired at an average price of $24.54 per share, for a total transaction of $2,471,644.26. Following the completion of the transaction, the director now owns 927,830 shares in the company, valued at approximately $22,768,948.20. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,610,000 shares of company stock worth $37,412,081. Insiders own 3.93% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Leucadia National Corp acquired a new stake in Liberty Global PLC during the first quarter worth approximately $3,012,000. Credit Agricole S A raised its stake in shares of Liberty Global PLC by 3.2% in the fourth quarter. Credit Agricole S A now owns 72,197 shares of the company’s stock valued at $2,208,000 after buying an additional 2,260 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Liberty Global PLC by 0.7% in the first quarter. Artisan Partners Limited Partnership now owns 10,900,902 shares of the company’s stock valued at $391,015,000 after buying an additional 76,709 shares during the last quarter. Dodge & Cox purchased a new stake in shares of Liberty Global PLC during the fourth quarter valued at approximately $493,918,000. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Liberty Global PLC by 66.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 52,450 shares of the company’s stock valued at $1,881,000 after buying an additional 20,993 shares during the last quarter. 23.58% of the stock is owned by institutional investors and hedge funds.
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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