Liberty Global PLC (LBTYA) Sees Strong Trading Volume
Shares of Liberty Global PLC (NASDAQ:LBTYA) saw an uptick in trading volume on Friday . 1,925,588 shares were traded during mid-day trading, an increase of 13% from the previous session’s volume of 1,707,384 shares.The stock last traded at $32.64 and had previously closed at $31.92.
A number of research firms have weighed in on LBTYA. BNP Paribas began coverage on Liberty Global PLC in a report on Friday. They issued an “outperform” rating and a $41.00 target price on the stock. Wunderlich decreased their price objective on Liberty Global PLC from $60.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, June 22nd. Pivotal Research decreased their price objective on Liberty Global PLC from $50.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, June 24th. Citigroup Inc. decreased their price objective on Liberty Global PLC from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 18th. Finally, Zacks Investment Research raised Liberty Global PLC from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $46.54.
The firm’s 50-day moving average is $31.62 and its 200-day moving average is $35.06. The stock’s market capitalization is $30.21 billion.
Liberty Global PLC (NASDAQ:LBTYA) last announced its earnings results on Friday, August 5th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.41. On average, equities analysts expect that Liberty Global PLC will post ($0.01) earnings per share for the current fiscal year.
In related news, Director Andrew Cole acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The stock was acquired at an average price of $29.24 per share, with a total value of $29,240.00. Following the acquisition, the director now directly owns 48,549 shares in the company, valued at approximately $1,419,572.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John P. Cole, Jr. sold 21,976 shares of the business’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $38.23, for a total value of $840,142.48. Following the completion of the transaction, the director now directly owns 16,154 shares of the company’s stock, valued at approximately $617,567.42. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Liberty Global PLC stock. I.G. Investment Management LTD. boosted its position in shares of Liberty Global PLC (NASDAQ:LBTYA) by 12.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,097 shares of the company’s stock after buying an additional 8,718 shares during the period. I.G. Investment Management LTD.’s holdings in Liberty Global PLC were worth $3,223,000 at the end of the most recent reporting period.
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.