Scotiabank Lowers Liberty Global plc – Class C (LILAK) to Sector Perform

Liberty Global plc – Class C (NASDAQ:LILAK) was downgraded by research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a report issued on Thursday, The Fly reports.

LILAK has been the subject of a number of other research reports. upgraded Liberty Global plc – Class C from a “reduce” rating to a “hold” rating and set a $23.00 price target for the company in a report on Monday, November 13th. Pivotal Research reiterated a “buy” rating and issued a $30.00 price target on shares of Liberty Global plc – Class C in a report on Monday, January 8th. ValuEngine upgraded Liberty Global plc – Class C from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. HSBC upgraded Liberty Global plc – Class C to a “hold” rating and set a $23.00 price target for the company in a report on Monday, November 13th. Finally, BidaskClub upgraded Liberty Global plc – Class C from a “strong sell” rating to a “sell” rating in a report on Friday, January 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Liberty Global plc – Class C has a consensus rating of “Hold” and a consensus target price of $25.33.

Shares of Liberty Global plc – Class C (NASDAQ LILAK) opened at $22.99 on Thursday. The stock has a market capitalization of $3,812.07, a P/E ratio of -9.66 and a beta of 1.60. Liberty Global plc – Class C has a twelve month low of $19.58 and a twelve month high of $27.82.

A number of large investors have recently modified their holdings of the stock. HighTower Advisors LLC raised its stake in Liberty Global plc – Class C by 3.6% in the second quarter. HighTower Advisors LLC now owns 17,431 shares of the company’s stock worth $375,000 after buying an additional 599 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Liberty Global plc – Class C by 40.1% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 10,230 shares of the company’s stock worth $204,000 after buying an additional 2,929 shares in the last quarter. Royal Bank of Canada raised its stake in Liberty Global plc – Class C by 14.3% in the second quarter. Royal Bank of Canada now owns 27,458 shares of the company’s stock worth $587,000 after buying an additional 3,444 shares in the last quarter. California Public Employees Retirement System raised its stake in Liberty Global plc – Class C by 1.7% in the third quarter. California Public Employees Retirement System now owns 214,265 shares of the company’s stock worth $4,992,000 after buying an additional 3,600 shares in the last quarter. Finally, Swiss National Bank raised its stake in Liberty Global plc – Class C by 2.2% in the fourth quarter. Swiss National Bank now owns 205,500 shares of the company’s stock worth $4,087,000 after buying an additional 4,500 shares in the last quarter. 51.42% of the stock is owned by institutional investors.

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Liberty Global plc – Class C Company Profile

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.

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