Liberty Global PLC (LILAK) Upgraded to “Hold” at HSBC Holdings PLC

HSBC Holdings PLC upgraded shares of Liberty Global PLC (NASDAQ:LILAK) to a hold rating in a report released on Monday. HSBC Holdings PLC currently has $23.00 price target on the stock.

A number of other brokerages also recently issued reports on LILAK. BidaskClub upgraded Liberty Global PLC from a buy rating to a strong-buy rating in a research report on Saturday, August 12th. assumed coverage on Liberty Global PLC in a report on Monday, October 9th. They issued a reduce rating for the company. Finally, Macquarie downgraded Liberty Global PLC from an outperform rating to a neutral rating in a report on Wednesday, September 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Liberty Global PLC has an average rating of Hold and a consensus price target of $23.00.

Liberty Global PLC (LILAK) opened at $21.92 on Monday. Liberty Global PLC has a 1 year low of $19.45 and a 1 year high of $27.82.

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A number of hedge funds have recently modified their holdings of LILAK. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Liberty Global PLC by 63.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 7,301 shares of the company’s stock valued at $156,000 after acquiring an additional 2,841 shares in the last quarter. Opera Trading Capital bought a new stake in shares of Liberty Global PLC during the second quarter valued at approximately $172,000. Cibc World Markets Corp bought a new stake in shares of Liberty Global PLC during the second quarter valued at approximately $192,000. Quantbot Technologies LP bought a new stake in shares of Liberty Global PLC during the second quarter valued at approximately $202,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Liberty Global PLC during the second quarter valued at approximately $208,000. Institutional investors and hedge funds own 54.33% of the company’s stock.

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.

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