Liberty Global (NASDAQ:LBTYA) Upgraded to “Buy” at Citigroup

Citigroup upgraded shares of Liberty Global (NASDAQ:LBTYAFree Report) from a neutral rating to a buy rating in a research note published on Friday morning, Marketbeat Ratings reports. They currently have $24.00 price target on the stock, up from their previous price target of $20.00.

Several other research firms have also recently commented on LBTYA. Barclays increased their price target on shares of Liberty Global from $22.00 to $23.00 and gave the company an equal weight rating in a research note on Friday, January 12th. TheStreet upgraded shares of Liberty Global from a d+ rating to a c- rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Liberty Global presently has an average rating of Moderate Buy and a consensus target price of $27.27.

Get Our Latest Stock Report on LBTYA

Liberty Global Price Performance

Shares of Liberty Global stock opened at $19.15 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.70. The firm’s 50-day simple moving average is $18.10 and its 200-day simple moving average is $17.41. Liberty Global has a twelve month low of $15.01 and a twelve month high of $21.53.

Insiders Place Their Bets

In other Liberty Global news, Director Paul A. Gould sold 50,000 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $19.79, for a total transaction of $989,500.00. Following the transaction, the director now owns 949,059 shares in the company, valued at $18,781,877.61. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Paul A. Gould sold 50,000 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $19.79, for a total transaction of $989,500.00. Following the completion of the transaction, the director now owns 949,059 shares in the company, valued at $18,781,877.61. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Miranda Curtis sold 31,200 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $16.20, for a total transaction of $505,440.00. Following the transaction, the director now owns 99,699 shares of the company’s stock, valued at approximately $1,615,123.80. The disclosure for this sale can be found here. Corporate insiders own 9.45% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in Liberty Global in the fourth quarter valued at $92,196,000. Lancaster Investment Management purchased a new position in Liberty Global during the fourth quarter valued at $42,843,000. Morgan Stanley lifted its position in Liberty Global by 177.9% during the fourth quarter. Morgan Stanley now owns 3,469,300 shares of the company’s stock valued at $65,674,000 after buying an additional 2,220,803 shares during the period. Qube Research & Technologies Ltd purchased a new position in Liberty Global during the third quarter valued at $34,754,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Liberty Global by 88.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,743,459 shares of the company’s stock valued at $72,997,000 after buying an additional 1,755,948 shares during the period. 34.59% of the stock is owned by hedge funds and other institutional investors.

About Liberty Global

(Get Free Report)

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 intelligent WiFi features; internet services; security solutions, such as anti-virus, anti-spyware, firewall, and spam protection; smart home services; online storage solutions; web spaces; and Connect Box that delivers in-home Wi-Fi service.

Read More

Analyst Recommendations for Liberty Global (NASDAQ:LBTYA)

Receive News & Ratings for Liberty Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global and related companies with MarketBeat.com's FREE daily email newsletter.