Liberty Global (NASDAQ:LBTYA) Stock Rating Lowered by Bank of America

Bank of America lowered shares of Liberty Global (NASDAQ:LBTYA) from a neutral rating to an underperform rating in a research note issued to investors on Friday morning, Marketbeat.com reports. They currently have $12.60 target price on the stock, down from their prior target price of $13.10.

Other research analysts have also issued research reports about the stock. Benchmark reaffirmed a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Liberty Global from $38.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday. Citigroup assumed coverage on Liberty Global in a report on Friday, August 9th. They set a “buy” rating and a $25.00 target price for the company. UBS Group lowered Liberty Global from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $13.00 in a report on Monday, November 18th. Finally, Barclays decreased their price objective on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Liberty Global presently has an average rating of “Hold” and a consensus price target of $18.94.

Liberty Global Stock Down 3.2 %

Shares of Liberty Global stock opened at $13.42 on Friday. Liberty Global has a 1 year low of $10.93 and a 1 year high of $21.56. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The business has a 50-day moving average of $18.17 and a two-hundred day moving average of $18.42.

Insider Activity

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the sale, the chief financial officer now directly owns 53,312 shares in the company, valued at $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.51% of the stock is owned by insiders.

Hedge Funds Weigh In On Liberty Global

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Liberty Global by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after buying an additional 601 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Liberty Global by 2.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 28,188 shares of the company’s stock worth $595,000 after acquiring an additional 606 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Liberty Global by 8.1% in the 3rd quarter. Private Advisor Group LLC now owns 11,113 shares of the company’s stock valued at $235,000 after purchasing an additional 835 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Liberty Global by 8.2% during the third quarter. Stifel Financial Corp now owns 12,717 shares of the company’s stock worth $268,000 after buying an additional 968 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Liberty Global by 110.3% in the 3rd quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock valued at $39,000 after acquiring an additional 975 shares during the last quarter. Institutional investors own 37.20% of the company’s stock.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.