Zacks Investment Research lowered shares of Liberty Global PLC (NASDAQ:LBTYA) from a hold rating to a sell rating in a research note published on Tuesday.
According to Zacks, “Over the past three months, the share price of Liberty Global was down 4.89% compared with the Zacks Cable TV industry's loss of 0.02%. Moreover, Liberty Global’s predominant operation in Europe is a major concern because of recessionary pressure, debt crisis and low per capita income in some European countries. Further, stiff competition in the video, broadband, fixed-line telephony and mobile services business, foreign exchange rate risks and integration risks are major headwinds. On the other hand, Liberty Global continues to grow in the Europe and Central America through several mergers and acquisitions and is looking for more takeover options to expand its footprint. The launch of DOCSIS 3.1 network services, joint venture with Vodafone in Netherlands, acquisition of UTV Ireland TV stations from ITV, takeover of Cable & Wireless bode well for the company's growth.”
Several other analysts have also recently commented on the stock. Macquarie restated a buy rating and issued a $42.00 target price on shares of Liberty Global PLC in a research note on Tuesday, April 4th. Royal Bank Of Canada reiterated a buy rating and issued a $42.00 price target on shares of Liberty Global PLC in a report on Friday, May 5th. TheStreet downgraded shares of Liberty Global PLC from a b- rating to a c+ rating in a report on Tuesday, May 9th. Jefferies Group LLC increased their price target on shares of Liberty Global PLC from $42.00 to $43.00 and gave the company a buy rating in a report on Thursday, May 4th. Finally, BidaskClub upgraded shares of Liberty Global PLC from a sell rating to a hold rating in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Liberty Global PLC has an average rating of Buy and an average price target of $39.92.
Liberty Global PLC (LBTYA) traded down 0.230% on Tuesday, reaching $32.595. 616,169 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $30.75 and a 200-day moving average price of $33.58. Liberty Global PLC has a 1-year low of $28.17 and a 1-year high of $37.69. The company has a market capitalization of $33.56 billion, a P/E ratio of 19.600 and a beta of 1.66.
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In other Liberty Global PLC news, Director John C. Malone bought 223,186 shares of the company’s stock in a transaction on Thursday, July 6th. The stock was purchased at an average cost of $21.76 per share, for a total transaction of $4,856,527.36. Following the acquisition, the director now owns 761,816 shares of the company’s stock, valued at approximately $16,577,116.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Malone bought 242,778 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were acquired at an average price of $24.83 per share, with a total value of $6,028,177.74. Following the completion of the acquisition, the director now directly owns 927,830 shares in the company, valued at approximately $23,038,018.90. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,610,000 shares of company stock valued at $37,412,081 over the last 90 days. 5.81% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Searle & CO. purchased a new stake in shares of Liberty Global PLC during the first quarter worth approximately $620,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Liberty Global PLC during the first quarter worth approximately $163,000. Simplex Trading LLC purchased a new stake in shares of Liberty Global PLC during the second quarter worth approximately $164,000. Everett Harris & Co. CA purchased a new stake in shares of Liberty Global PLC during the first quarter worth approximately $201,000. Finally, Waldron LP purchased a new stake in shares of Liberty Global PLC during the first quarter worth approximately $209,000. Hedge funds and other institutional investors own 23.57% of the company’s stock.
Liberty Global PLC Company Profile
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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