Liberty Global (NASDAQ:LBTYA) has been given a $36.00 price target by equities research analysts at Macquarie in a research report issued on Wednesday, May 9th. The brokerage currently has a “buy” rating on the stock. Macquarie’s price objective indicates a potential upside of 23.20% from the company’s previous close.
Several other equities analysts have also issued reports on LBTYA. Jefferies Group reaffirmed a “buy” rating on shares of Liberty Global in a research note on Thursday, March 15th. Citigroup set a $43.00 price target on Liberty Global and gave the stock a “buy” rating in a report on Thursday, February 22nd. Pivotal Research increased their price target on Liberty Global from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Buckingham Research increased their price objective on Liberty Global from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Zacks Investment Research upgraded Liberty Global from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $39.67.
Shares of Liberty Global opened at $29.22 on Wednesday, Marketbeat reports. Liberty Global has a 52-week low of $28.00 and a 52-week high of $39.73. The company has a debt-to-equity ratio of 6.79, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $23.32 billion, a PE ratio of -12.76, a PEG ratio of 5.70 and a beta of 1.62.
Several hedge funds have recently added to or reduced their stakes in LBTYA. BlackRock Inc. lifted its stake in Liberty Global by 24.8% in the first quarter. BlackRock Inc. now owns 11,329,380 shares of the company’s stock valued at $354,722,000 after purchasing an additional 2,250,934 shares during the last quarter. Farallon Capital Management LLC lifted its stake in Liberty Global by 44.1% in the first quarter. Farallon Capital Management LLC now owns 4,713,926 shares of the company’s stock valued at $147,593,000 after purchasing an additional 1,443,746 shares during the last quarter. Epoch Investment Partners Inc. lifted its stake in Liberty Global by 1.1% in the first quarter. Epoch Investment Partners Inc. now owns 2,946,065 shares of the company’s stock valued at $92,241,000 after purchasing an additional 31,331 shares during the last quarter. Hosking Partners LLP lifted its position in shares of Liberty Global by 4.7% during the first quarter. Hosking Partners LLP now owns 1,383,596 shares of the company’s stock worth $43,320,000 after acquiring an additional 61,654 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Liberty Global by 2.0% during the first quarter. Northern Trust Corp now owns 1,054,383 shares of the company’s stock worth $33,012,000 after acquiring an additional 20,747 shares in the last quarter. 23.21% of the stock is owned by institutional investors.
Liberty Global Company Profile
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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