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

Liberty Global (NASDAQ:LBTYA) was downgraded by stock analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued on Friday, MarketBeat.com reports. They currently have a $12.60 price target on the stock, down from their previous price target of $13.10. Bank of America‘s target price would indicate a potential downside of 6.11% from the company’s current price.

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

Liberty Global Stock Performance

Liberty Global stock opened at $13.42 on Friday. The firm has a 50 day simple moving average of $18.02 and a 200-day simple moving average of $18.40. 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 current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of -1.32 and a beta of 1.24.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the sale, the chief financial officer now owns 53,312 shares of the company’s stock, valued at $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.51% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Several institutional investors and hedge funds have recently modified their holdings of LBTYA. EverSource Wealth Advisors LLC increased its position in Liberty Global by 63.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $27,000 after purchasing an additional 601 shares during the last quarter. Blue Trust Inc. increased its position in shares of Liberty Global by 110.3% in the third quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock worth $39,000 after acquiring an additional 975 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Liberty Global in the second quarter valued at $75,000. Whittier Trust Co. boosted its stake in shares of Liberty Global by 21,707.3% in the second quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock valued at $156,000 after purchasing an additional 8,900 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Liberty Global by 4,512.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock valued at $156,000 after purchasing an additional 8,754 shares during the period. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Company Profile

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.