Liberty Global PLC (LILA) Earns Reduce Rating from Analysts at HSBC Holdings plc

HSBC Holdings plc initiated coverage on shares of Liberty Global PLC (NASDAQ:LILA) in a report issued on Monday morning, Marketbeat.com reports. The brokerage issued a reduce rating and a $22.50 price target on the stock.

Several other brokerages have also recently issued reports on LILA. Morgan Stanley cut shares of Liberty Global PLC from an equal weight rating to an underweight rating and lifted their price objective for the stock from $22.00 to $26.00 in a research note on Thursday, August 10th. Macquarie cut shares of Liberty Global PLC from an outperform rating to a neutral rating and lowered their price objective for the stock from $35.00 to $25.00 in a research note on Wednesday, September 27th. Barclays PLC lifted their price objective on shares of Liberty Global PLC from $23.00 to $25.00 and gave the stock an equal weight rating in a research note on Friday, September 1st. Buckingham Research initiated coverage on shares of Liberty Global PLC in a research note on Friday, September 29th. They issued a buy rating and a $30.00 price objective on the stock. Finally, Royal Bank Of Canada cut shares of Liberty Global PLC from an outperform rating to a sector perform rating and lowered their price objective for the stock from $30.00 to $28.50 in a research note on Monday, July 24th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Liberty Global PLC currently has an average rating of Hold and a consensus target price of $29.50.

Shares of Liberty Global PLC (NASDAQ LILA) opened at 23.63 on Monday. The stock’s market cap is $4.05 billion. Liberty Global PLC has a one year low of $19.10 and a one year high of $28.18. The firm has a 50 day moving average of $24.48 and a 200 day moving average of $24.48.

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Several institutional investors have recently added to or reduced their stakes in LILA. Wells Fargo & Company MN increased its position in shares of Liberty Global PLC by 36.3% in the first quarter. Wells Fargo & Company MN now owns 34,501 shares of the company’s stock worth $767,000 after acquiring an additional 9,181 shares in the last quarter. First Trust Advisors LP increased its position in shares of Liberty Global PLC by 7.0% in the first quarter. First Trust Advisors LP now owns 68,492 shares of the company’s stock worth $1,523,000 after acquiring an additional 4,505 shares in the last quarter. Rafferty Asset Management LLC increased its position in shares of Liberty Global PLC by 11.0% in the first quarter. Rafferty Asset Management LLC now owns 12,669 shares of the company’s stock worth $282,000 after acquiring an additional 1,258 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of Liberty Global PLC by 62.4% in the first quarter. OppenheimerFunds Inc. now owns 878,410 shares of the company’s stock worth $19,536,000 after acquiring an additional 337,650 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Liberty Global PLC by 10.9% in the first quarter. PNC Financial Services Group Inc. now owns 137,737 shares of the company’s stock worth $3,063,000 after acquiring an additional 13,536 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Global PLC

LiLAC Group provides various broadband services over cable distribution systems, and mobile services in Chile and Puerto Rico. It offers triple-play services consisting of video, broadband Internet, and fixed-line telephony services in 34 communities within Santiago; and 42 communities outside Santiago, including Iquique, Antofagasta, Concepción, Viña del Mar, Valparaiso, and Rancagua, as well as smaller cities across Chile.

Analyst Recommendations for Liberty Global PLC (NASDAQ:LILA)

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