Liberty Global Ltd. (NASDAQ:LBTYA) Receives $18.94 Average Target Price from Brokerages

Shares of Liberty Global Ltd. (NASDAQ:LBTYA) have received an average recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $18.94.

LBTYA has been the topic of several research analyst reports. Benchmark reissued a “buy” rating and set a $27.00 price target on shares of Liberty Global in a research note on Tuesday, October 29th. Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $13.10 to $12.60 in a report on Friday, December 6th. Barclays cut their price target on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, November 25th. UBS Group cut shares of Liberty Global from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $13.00 in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Liberty Global from $38.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, December 5th.

Liberty Global Stock Up 1.8 %

Liberty Global stock opened at $12.76 on Monday. The stock’s 50 day moving average price is $15.05 and its 200 day moving average price is $17.85. The company has a market cap of $4.56 billion, a PE ratio of -1.26 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Global has a 1-year low of $10.93 and a 1-year high of $21.56.

Insider Activity at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Liberty Global

A number of large investors have recently added to or reduced their stakes in LBTYA. JPMorgan Chase & Co. boosted its holdings in Liberty Global by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 611,380 shares of the company’s stock valued at $12,906,000 after purchasing an additional 31,259 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Liberty Global in the 3rd quarter valued at approximately $6,155,000. Geode Capital Management LLC boosted its stake in shares of Liberty Global by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,262,910 shares of the company’s stock valued at $47,778,000 after buying an additional 141,749 shares during the last quarter. Barclays PLC grew its position in shares of Liberty Global by 153.2% during the third quarter. Barclays PLC now owns 496,045 shares of the company’s stock worth $10,471,000 after buying an additional 300,126 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Liberty Global in the third quarter worth $1,272,000. 37.20% of the stock is owned by institutional investors and hedge funds.

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.