Liberty Global PLC (LBTYA) Rating Lowered to Underperform at Exane BNP Paribas
Liberty Global PLC (NASDAQ:LBTYA) was downgraded by investment analysts at Exane BNP Paribas from an “outperform” rating to an “underperform” rating in a note issued to investors on Monday.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Liberty Global PLC from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, June 20th. BidaskClub upgraded shares of Liberty Global PLC from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. Redburn Partners upgraded shares of Liberty Global PLC to a “buy” rating in a report on Tuesday, July 11th. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 target price on shares of Liberty Global PLC in a report on Monday, May 15th. Finally, ValuEngine upgraded shares of Liberty Global PLC from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Liberty Global PLC currently has an average rating of “Buy” and an average price target of $40.00.
Shares of Liberty Global PLC (NASDAQ LBTYA) opened at 32.70 on Monday. The company’s 50 day moving average price is $33.76 and its 200 day moving average price is $33.19. Liberty Global PLC has a one year low of $28.17 and a one year high of $37.69. The stock has a market capitalization of $32.82 billion, a P/E ratio of 35.93 and a beta of 1.66.
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In other news, Director David E. Rapley sold 2,985 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $32.81, for a total transaction of $97,937.85. Following the completion of the transaction, the director now directly owns 14,795 shares of the company’s stock, valued at approximately $485,423.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Malone bought 519,592 shares of Liberty Global PLC stock in a transaction dated Monday, July 10th. The shares were bought at an average cost of $24.34 per share, with a total value of $12,646,869.28. Following the completion of the transaction, the director now directly owns 927,830 shares in the company, valued at $22,583,382.20. The disclosure for this purchase can be found here. Insiders have bought a total of 1,610,000 shares of company stock valued at $37,412,081 over the last three months. Insiders own 5.81% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its position in shares of Liberty Global PLC by 69.6% during the 2nd quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock valued at $107,000 after acquiring an additional 1,374 shares during the period. Ameritas Investment Partners Inc. bought a new position in Liberty Global PLC in the 1st quarter worth approximately $163,000. Commonwealth Bank of Australia boosted its holdings in Liberty Global PLC by 96.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,712 shares of the company’s stock worth $150,000 after buying an additional 2,316 shares during the period. Standard Life Investments LTD bought a new position in Liberty Global PLC in the 2nd quarter worth approximately $105,000. Finally, Jacobi Capital Management LLC boosted its holdings in Liberty Global PLC by 1.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock worth $162,000 after buying an additional 57 shares during the period. 22.05% 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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