Barclays Cuts Liberty Global (NASDAQ:LBTYA) Price Target to $12.00

Liberty Global (NASDAQ:LBTYA) had its price target cut by Barclays from $20.00 to $12.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also commented on the stock. Benchmark reiterated a “buy” rating and issued a $27.00 price objective on shares of Liberty Global in a research report on Tuesday, October 29th. Citigroup initiated coverage on shares of Liberty Global in a research report on Friday, August 9th. They issued a “buy” rating and a $25.00 price objective on the stock. UBS Group lowered shares of Liberty Global from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $13.00 in a research report on Monday, November 18th. Finally, Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $15.50 to $21.30 in a research report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.76.

Liberty Global Price Performance

Shares of NASDAQ LBTYA opened at $13.54 on Monday. The firm has a market capitalization of $4.84 billion, a P/E ratio of -1.33 and a beta of 1.18. Liberty Global has a one year low of $10.93 and a one year high of $21.56. The company’s fifty day moving average is $19.27 and its two-hundred day moving average is $18.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in shares of Liberty Global by 63.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after acquiring an additional 601 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Liberty Global by 110.3% during 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. nVerses Capital LLC acquired a new position in shares of Liberty Global during the 2nd quarter valued at about $75,000. Whittier Trust Co. increased its stake in shares of Liberty Global by 21,707.3% during the 2nd quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock valued at $156,000 after acquiring an additional 8,900 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Liberty Global by 4,512.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock valued at $156,000 after acquiring an additional 8,754 shares during the last quarter. Institutional investors and hedge funds 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.