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

Liberty Global (NASDAQ:LBTYA) was downgraded by UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They currently have a $13.00 price target on the stock, down from their prior price target of $23.00. UBS Group’s target price suggests a potential upside of 1.64% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $15.50 to $21.30 in a research note on Monday, August 12th. Citigroup started coverage on shares of Liberty Global in a research note on Friday, August 9th. They issued a “buy” rating and a $25.00 target price for the company. Finally, Benchmark restated a “buy” rating and issued a $27.00 target price on shares of Liberty Global in a research note on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.90.

Liberty Global Stock Up 5.2 %

Shares of NASDAQ:LBTYA opened at $12.79 on Monday. The stock has a market cap of $4.57 billion, a P/E ratio of -1.26 and a beta of 1.18. The firm has a fifty day moving average price of $19.80 and a 200 day moving average price of $18.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Global has a 1-year low of $10.93 and a 1-year high of $21.56.

Hedge Funds Weigh In On Liberty Global

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings 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 in the last quarter. Blue Trust Inc. increased its holdings in Liberty Global by 110.3% during the 3rd quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock valued at $39,000 after acquiring an additional 975 shares in the last quarter. nVerses Capital LLC purchased a new position in Liberty Global during the 2nd quarter valued at about $75,000. Whittier Trust Co. increased its holdings in Liberty Global by 21,707.3% during the 2nd quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock valued at $156,000 after acquiring an additional 8,900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Liberty Global by 4,512.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock valued at $156,000 after acquiring an additional 8,754 shares in the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

About Liberty Global

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.