Shares of Liberty Global PLC (NASDAQ:LBTYA) have received an average rating of “Buy” from the fourteen analysts that are covering the firm. Four research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $45.08.
Several equities research analysts have recently issued reports on LBTYA shares. Jefferies Group raised their price objective on Liberty Global PLC from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Liberty Global PLC in a research note on Friday, September 16th. BNP Paribas started coverage on Liberty Global PLC in a research note on Friday, September 2nd. They issued an “outperform” rating and a $41.00 price objective for the company. Zacks Investment Research raised Liberty Global PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. Finally, Evercore ISI started coverage on Liberty Global PLC in a research note on Thursday, June 30th. They issued a “buy” rating and a $40.00 price objective for the company.
In other news, Director Andrew Cole acquired 1,000 shares of Liberty Global PLC stock in a transaction on Wednesday, June 29th. The shares were bought at an average cost of $29.24 per share, for a total transaction of $29,240.00. Following the acquisition, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $1,419,572.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.93% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in LBTYA. Dodge & Cox increased its position in shares of Liberty Global PLC by 30.6% in the first quarter. Dodge & Cox now owns 15,194,305 shares of the company’s stock worth $584,981,000 after buying an additional 3,559,900 shares in the last quarter. Jackson Square Partners LLC bought a new position in shares of Liberty Global PLC during the first quarter worth about $113,972,000. Norges Bank bought a new position in shares of Liberty Global PLC during the fourth quarter worth about $93,434,000. Third Point LLC bought a new position in shares of Liberty Global PLC during the second quarter worth about $58,120,000. Finally, Manning & Napier Advisors LLC increased its position in shares of Liberty Global PLC by 12.1% in the second quarter. Manning & Napier Advisors LLC now owns 12,546,582 shares of the company’s stock worth $364,602,000 after buying an additional 1,355,210 shares in the last quarter. Institutional investors and hedge funds own 21.20% of the company’s stock.
Shares of Liberty Global PLC (NASDAQ:LBTYA) traded up 1.62% during midday trading on Friday, reaching $34.47. The company had a trading volume of 1,519,266 shares. The firm’s 50 day moving average price is $32.12 and its 200-day moving average price is $34.61. Liberty Global PLC has a 1-year low of $26.16 and a 1-year high of $49.00. The stock’s market capitalization is $31.71 billion.
Liberty Global PLC (NASDAQ:LBTYA) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.41. Liberty Global PLC had a negative return on equity of 2.62% and a negative net margin of 1.71%. Equities research analysts expect that Liberty Global PLC will post ($0.04) EPS for the current fiscal year.
About Liberty Global PLC
Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.
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