Liberty Global PLC (LBTYA) Cut to Underperform at Exane BNP Paribas

Exane BNP Paribas cut shares of Liberty Global PLC (NASDAQ:LBTYA) from an outperform rating to an underperform rating in a research report report published on Monday morning.

A number of other research firms have also recently commented on LBTYA. BidaskClub upgraded shares of Liberty Global PLC from a buy rating to a strong-buy rating in a report on Friday, August 4th. Morgan Stanley increased their price target on shares of Liberty Global PLC from $37.00 to $38.00 and gave the company an equal weight rating in a report on Monday, August 7th. Zacks Investment Research upgraded shares of Liberty Global PLC from a sell rating to a hold rating in a report on Friday, August 4th. ValuEngine cut shares of Liberty Global PLC from a buy rating to a hold rating in a report on Tuesday, August 1st. Finally, Deutsche Bank AG began coverage on shares of Liberty Global PLC in a report on Wednesday, September 6th. They set a buy rating and a $43.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $40.00.

Shares of Liberty Global PLC (LBTYA) opened at 32.45 on Monday. Liberty Global PLC has a 12-month low of $28.17 and a 12-month high of $37.69. The company has a market cap of $32.57 billion, a PE ratio of 35.66 and a beta of 1.66. The company has a 50 day moving average of $33.76 and a 200-day moving average of $33.16.

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In other Liberty Global PLC news, Director John C. Malone purchased 384,673 shares of the firm’s stock in a transaction on Friday, July 7th. The shares were acquired at an average cost of $21.80 per share, for a total transaction of $8,385,871.40. Following the completion of the transaction, the director now owns 761,816 shares of the company’s stock, valued at $16,607,588.80. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John C. Malone purchased 223,186 shares of the firm’s stock in a transaction on Thursday, July 6th. The stock was acquired at an average price of $21.76 per share, for a total transaction of $4,856,527.36. Following the completion of the transaction, the director now directly owns 761,816 shares of the company’s stock, valued at approximately $16,577,116.16. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,610,000 shares of company stock worth $37,412,081. 5.81% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dodge & Cox raised its position in Liberty Global PLC by 17.5% in the second quarter. Dodge & Cox now owns 18,980,203 shares of the company’s stock worth $609,644,000 after acquiring an additional 2,830,216 shares during the period. Artisan Partners Limited Partnership raised its position in Liberty Global PLC by 0.7% in the first quarter. Artisan Partners Limited Partnership now owns 10,900,902 shares of the company’s stock worth $391,015,000 after acquiring an additional 76,709 shares during the period. BlackRock Inc. raised its position in Liberty Global PLC by 2,739.9% in the first quarter. BlackRock Inc. now owns 10,201,377 shares of the company’s stock worth $365,923,000 after acquiring an additional 9,842,167 shares during the period. Glenview Capital Management LLC raised its position in Liberty Global PLC by 0.9% in the second quarter. Glenview Capital Management LLC now owns 7,853,565 shares of the company’s stock worth $252,257,000 after acquiring an additional 70,000 shares during the period. Finally, Route One Investment Company L.P. raised its position in Liberty Global PLC by 9.0% in the second quarter. Route One Investment Company L.P. now owns 7,347,635 shares of the company’s stock worth $236,006,000 after acquiring an additional 605,500 shares during the period. Institutional investors and hedge funds own 22.05% 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.

Analyst Recommendations for Liberty Global PLC (NASDAQ:LBTYA)

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