Liberty Global (NASDAQ:LBTYA) Rating Lowered to Neutral at UBS Group

Liberty Global (NASDAQ:LBTYA) was downgraded by UBS Group from a “buy” rating to a “neutral” rating in a report released on Monday, MarketBeat reports. They presently have a $13.00 price target on the stock, down from their prior price target of $23.00. UBS Group’s price target points to a potential upside of 1.64% from the stock’s current price.

LBTYA has been the subject of a number of other research reports. Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $15.50 to $21.30 in a research note on Monday, August 12th. Citigroup assumed coverage on shares of Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 price target on the stock. Finally, Benchmark restated a “buy” rating and set a $27.00 price target on shares of Liberty Global in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.90.

Liberty Global Stock Up 5.2 %

LBTYA stock opened at $12.79 on Monday. The stock has a market capitalization of $4.57 billion, a P/E ratio of -1.26 and a beta of 1.18. The firm has a 50-day simple moving average of $19.80 and a 200-day simple moving average of $18.71. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. Liberty Global has a 52 week low of $10.93 and a 52 week high of $21.56.

Institutional Investors Weigh In On Liberty Global

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 601 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Liberty Global by 2.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 28,188 shares of the company’s stock valued at $595,000 after buying an additional 606 shares in the last quarter. Private Advisor Group LLC boosted its holdings 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 buying an additional 835 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Liberty Global by 8.2% in the 3rd quarter. Stifel Financial Corp now owns 12,717 shares of the company’s stock valued at $268,000 after buying an additional 968 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings 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 buying an additional 975 shares in the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.

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.