Shares of Liberty Global (NASDAQ:LBTYA) have earned an average recommendation of “Buy” from the seventeen research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.90.
A number of research firms have commented on LBTYA. Barclays restated a “buy” rating and set a $39.00 price objective on shares of Liberty Global in a research note on Sunday, May 13th. Macquarie set a $36.00 price objective on Liberty Global and gave the stock a “buy” rating in a research note on Wednesday, May 9th. Pivotal Research restated a “buy” rating and set a $38.00 price objective on shares of Liberty Global in a research note on Friday, May 4th. ValuEngine upgraded Liberty Global from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, BidaskClub upgraded Liberty Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 28th.
Shares of NASDAQ LBTYA traded up $0.05 during trading hours on Monday, reaching $29.22. 2,423,512 shares of the stock were exchanged, compared to its average volume of 2,674,680. The firm has a market cap of $23.28 billion, a P/E ratio of -12.76, a price-to-earnings-growth ratio of 5.69 and a beta of 1.62. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 6.79. Liberty Global has a 52 week low of $28.00 and a 52 week high of $39.73.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Liberty Global by 24.8% during the 1st quarter. BlackRock Inc. now owns 11,329,380 shares of the company’s stock worth $354,722,000 after buying an additional 2,250,934 shares during the period. Farallon Capital Management LLC lifted its holdings in Liberty Global by 44.1% during the 1st quarter. Farallon Capital Management LLC now owns 4,713,926 shares of the company’s stock worth $147,593,000 after buying an additional 1,443,746 shares during the period. Epoch Investment Partners Inc. lifted its holdings in Liberty Global by 1.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 2,946,065 shares of the company’s stock worth $92,241,000 after buying an additional 31,331 shares during the period. Hosking Partners LLP lifted its holdings in Liberty Global by 4.7% during the 1st quarter. Hosking Partners LLP now owns 1,383,596 shares of the company’s stock worth $43,320,000 after buying an additional 61,654 shares during the period. Finally, Northern Trust Corp lifted its holdings in Liberty Global by 2.0% during the 1st quarter. Northern Trust Corp now owns 1,054,383 shares of the company’s stock worth $33,012,000 after buying an additional 20,747 shares during the period. 23.21% of the stock is currently owned by institutional investors.
About Liberty Global
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.
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