Liberty Global PLC Class A (LBTYA) Upgraded to Buy by UBS Group

UBS Group upgraded shares of Liberty Global PLC Class A (NASDAQ:LBTYA) from a neutral rating to a buy rating in a research report sent to investors on Friday morning, www.benzinga.com reports. UBS Group currently has $33.50 target price on the stock, down from their previous target price of $37.00.

A number of other analysts have also weighed in on LBTYA. BidaskClub upgraded shares of Liberty Global PLC Class A from a sell rating to a hold rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded shares of Liberty Global PLC Class A from a sell rating to a hold rating in a research report on Wednesday, July 25th. Sanford C. Bernstein raised shares of Liberty Global PLC Class A to an outperform rating and dropped their price target for the company from $41.30 to $34.00 in a research note on Friday, June 29th. They noted that the move was a valuation call. ValuEngine downgraded shares of Liberty Global PLC Class A from a hold rating to a sell rating in a research note on Thursday, June 28th. Finally, Pivotal Research reaffirmed a buy rating and set a $38.00 price target on shares of Liberty Global PLC Class A in a research note on Friday, May 4th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. Liberty Global PLC Class A currently has a consensus rating of Hold and a consensus target price of $39.29.

Shares of Liberty Global PLC Class A stock opened at $27.11 on Friday. Liberty Global PLC Class A has a fifty-two week low of $25.86 and a fifty-two week high of $39.73. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 5.98. The company has a market capitalization of $20.54 billion, a price-to-earnings ratio of -11.91 and a beta of 1.58.

Liberty Global PLC Class A (NASDAQ:LBTYA) last issued its earnings results on Wednesday, August 8th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.68. Liberty Global PLC Class A had a negative net margin of 11.46% and a negative return on equity of 27.88%. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $4.06 billion. equities analysts anticipate that Liberty Global PLC Class A will post -0.21 EPS for the current fiscal year.

In related news, Director J C. Sparkman sold 41,860 shares of Liberty Global PLC Class A stock in a transaction on Monday, June 4th. The shares were sold at an average price of $28.88, for a total transaction of $1,208,916.80. Following the completion of the transaction, the director now owns 23,202 shares of the company’s stock, valued at $670,073.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul A. Gould sold 17,929 shares of Liberty Global PLC Class A stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $28.24, for a total transaction of $506,314.96. Following the transaction, the director now directly owns 221,806 shares of the company’s stock, valued at approximately $6,263,801.44. The disclosure for this sale can be found here. 5.93% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sciencast Management LP bought a new position in Liberty Global PLC Class A during the first quarter worth $665,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Liberty Global PLC Class A by 9.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,803 shares of the company’s stock worth $1,592,000 after buying an additional 4,965 shares during the last quarter. Toronto Dominion Bank raised its stake in Liberty Global PLC Class A by 13.9% during the first quarter. Toronto Dominion Bank now owns 13,621 shares of the company’s stock worth $426,000 after buying an additional 1,661 shares during the last quarter. Hosking Partners LLP raised its stake in Liberty Global PLC Class A by 4.7% during the first quarter. Hosking Partners LLP now owns 1,383,596 shares of the company’s stock worth $43,320,000 after buying an additional 61,654 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Liberty Global PLC Class A by 1.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 497,912 shares of the company’s stock worth $15,590,000 after buying an additional 6,567 shares during the last quarter. 21.92% of the stock is owned by institutional investors and hedge funds.

Liberty Global PLC Class A Company Profile

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.

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Analyst Recommendations for Liberty Global PLC Class A (NASDAQ:LBTYA)

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