Liberty Global PLC (NASDAQ: LBTYA) has recently received a number of price target changes and ratings updates:

  • 8/7/2017 – Liberty Global PLC had its price target raised by analysts at Morgan Stanley from $37.00 to $38.00. They now have an “equal weight” rating on the stock.
  • 8/4/2017 – Liberty Global PLC was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/4/2017 – Liberty Global PLC was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Liberty Global continues to grow in the Europe and Central America through several mergers and acquisitions and is looking for more takeover options to expand its footprint. The launch of DOCSIS 3.1 network services, joint venture with Vodafone in Netherlands, acquisition of UTV Ireland TV stations from ITV, takeover of Cable & Wireless bode well for the company's growth. Over the past three months, the share price of Liberty Global inched up 0.61% but failed to beat the industry's gain of 1.98%. On the other hand, Liberty Global’s predominant operation in Europe is a major concern because of recessionary pressure, debt crisis and low per capita income in some European countries. Further, stiff competition in the video, broadband, fixed-line telephony and mobile services business, foreign exchange rate risks and integration risks are major headwinds. “
  • 8/1/2017 – Liberty Global PLC was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/19/2017 – Liberty Global PLC was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/18/2017 – Liberty Global PLC had its price target lowered by analysts at Pivotal Research from $42.00 to $41.00. They now have a “buy” rating on the stock.
  • 7/18/2017 – Liberty Global PLC was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Over the past three months, the share price of Liberty Global was down 4.89% compared with the Zacks Cable TV industry's loss of 0.02%. Moreover, Liberty Global’s predominant operation in Europe is a major concern because of recessionary pressure, debt crisis and low per capita income in some European countries. Further, stiff competition in the video, broadband, fixed-line telephony and mobile services business, foreign exchange rate risks and integration risks are major headwinds.  On the other hand, Liberty Global continues to grow in the Europe and Central America through several mergers and acquisitions and is looking for more takeover options to expand its footprint. The launch of DOCSIS 3.1 network services, joint venture with Vodafone in Netherlands, acquisition of UTV Ireland TV stations from ITV, takeover of Cable & Wireless bode well for the company's growth.”
  • 7/11/2017 – Liberty Global PLC was upgraded by analysts at Redburn Partners to a “buy” rating.
  • 7/6/2017 – Liberty Global PLC was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/3/2017 – Liberty Global PLC was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/27/2017 – Liberty Global PLC was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/21/2017 – Liberty Global PLC had its “buy” rating reaffirmed by analysts at Macquarie. They now have a $36.00 price target on the stock, down previously from $40.00.
  • 6/20/2017 – Liberty Global PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “Liberty Global continues to grow in the Europe and Central America through several mergers and acquisitions and is looking for more takeover options to expand its footprint. The launch of DOCSIS 3.1 network services, joint venture with Vodafone in Netherlands, acquisition of UTV Ireland TV stations from ITV, takeover of Cable & Wireless bode well for the company's growth. However, Liberty Global’s predominant operation in Europe is a major concern because of recessionary pressure, debt crisis and low per capita income in some European countries. Further, stiff competition in the video, broadband, fixed-line telephony and mobile services business, foreign exchange rate risks and integration risks are major headwinds. Over the past three months, the share price of Liberty Global was down 17.44%, lagging the Zacks categorized Cable TV's industry growth of 7.76%.”
  • 6/17/2017 – Liberty Global PLC was given a new $43.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 6/16/2017 – Liberty Global PLC is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $31.00 price target on the stock.
  • 6/12/2017 – Liberty Global PLC was given a new $40.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.

Shares of Liberty Global PLC (NASDAQ:LBTYA) opened at 33.97 on Friday. The firm has a market cap of $34.09 billion, a PE ratio of 37.33 and a beta of 1.67. The firm has a 50-day moving average of $32.57 and a 200-day moving average of $33.57. Liberty Global PLC has a 52 week low of $28.17 and a 52 week high of $37.69.

In related news, Director John C. Malone purchased 223,186 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were bought at an average cost of $21.76 per share, with a total value of $4,856,527.36. Following the acquisition, the director now owns 761,816 shares of the company’s stock, valued at $16,577,116.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Malone purchased 242,778 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was bought at an average cost of $24.83 per share, for a total transaction of $6,028,177.74. Following the completion of the acquisition, the director now directly owns 927,830 shares in the company, valued at approximately $23,038,018.90. The disclosure for this purchase can be found here. In the last quarter, insiders bought 1,610,000 shares of company stock valued at $37,412,081. Company insiders own 3.93% of the company’s stock.

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.

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