Liberty Global PLC (LILA) Rating Increased to Hold at HSBC Holdings PLC

Liberty Global PLC (NASDAQ:LILA) was upgraded by analysts at HSBC Holdings PLC from a “reduce” rating to a “hold” rating in a report released on Tuesday.

Several other brokerages have also recently weighed in on LILA. Morgan Stanley cut shares of Liberty Global PLC from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $22.00 to $26.00 in a research note on Thursday, August 10th. Macquarie cut shares of Liberty Global PLC from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $35.00 to $25.00 in a research note on Wednesday, September 27th. raised shares of Liberty Global PLC from a “reduce” rating to a “hold” rating in a research note on Monday. Barclays PLC decreased their price target on shares of Liberty Global PLC from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, October 16th. Finally, Royal Bank Of Canada set a $29.00 price target on shares of Liberty Global PLC and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $27.19.

Shares of Liberty Global PLC (NASDAQ:LILA) traded up $0.13 on Tuesday, hitting $22.17. 267,400 shares of the stock traded hands, compared to its average volume of 317,420. Liberty Global PLC has a one year low of $19.65 and a one year high of $28.11.

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Several large investors have recently added to or reduced their stakes in the stock. Newtyn Management LLC grew its stake in shares of Liberty Global PLC by 6.4% in the third quarter. Newtyn Management LLC now owns 585,000 shares of the company’s stock valued at $13,900,000 after buying an additional 35,000 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Liberty Global PLC by 30.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 42,022 shares of the company’s stock valued at $999,000 after buying an additional 9,699 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Liberty Global PLC by 20.6% in the third quarter. Wells Fargo & Company MN now owns 63,546 shares of the company’s stock valued at $1,511,000 after buying an additional 10,847 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Liberty Global PLC in the third quarter valued at $263,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Liberty Global PLC by 115.6% in the third quarter. Russell Investments Group Ltd. now owns 948,650 shares of the company’s stock valued at $22,540,000 after buying an additional 508,589 shares in the last quarter. 21.32% of the stock is owned by institutional investors and hedge funds.

About Liberty Global PLC

LiLAC Group provides various broadband services over cable distribution systems, and mobile services in Chile and Puerto Rico. It offers triple-play services consisting of video, broadband Internet, and fixed-line telephony services in 34 communities within Santiago; and 42 communities outside Santiago, including Iquique, Antofagasta, Concepción, Viña del Mar, Valparaiso, and Rancagua, as well as smaller cities across Chile.

Analyst Recommendations for Liberty Global PLC (NASDAQ:LILA)

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