Zacks Investment Research upgraded shares of Liberty Global plc – Class A (NASDAQ:LBTYA) from a sell rating to a hold rating in a research report released on Monday morning.

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. Launch of Telenet Innovation Center will help the company create and test new products focused on new mobile technologies. Liberty Global launched a new customer-friendly app, Connect App. The launch of DOCSIS 3.1 network services, joint venture with Vodafone in Netherlands, buyout of UTV Ireland TV stations from ITV, takeover of Cable & Wireless bode well for the company's growth. Over the past three months, the stock price moved up 18.6% as against the industry's gain of 8.7%. On the other hand, Liberty Global’s predominant operation in Europe remains a major concern. Further, stiff competition in the video, broadband, fixed-line telephony and mobile services business, foreign exchange rate risks and integration risks are major risks. “

A number of other research firms also recently weighed in on LBTYA. Morgan Stanley raised Liberty Global plc – Class A from an equal weight rating to an overweight rating and set a $38.00 target price for the company in a report on Wednesday, January 17th. Royal Bank of Canada reissued an outperform rating and set a $40.00 target price on shares of Liberty Global plc – Class A in a report on Monday, October 2nd. Macquarie downgraded Liberty Global plc – Class A from an outperform rating to a neutral rating in a report on Wednesday, September 27th. Buckingham Research assumed coverage on Liberty Global plc – Class A in a report on Friday, September 29th. They set a buy rating and a $44.00 target price for the company. Finally, Pivotal Research reissued a buy rating and set a $44.00 target price on shares of Liberty Global plc – Class A in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $39.41.

Liberty Global plc – Class A (NASDAQ LBTYA) traded up $0.41 during mid-day trading on Monday, reaching $37.59. 1,569,300 shares of the company’s stock were exchanged, compared to its average volume of 1,756,007. Liberty Global plc – Class A has a 1 year low of $28.17 and a 1 year high of $37.79. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $8,310.00, a PE ratio of 42.24 and a beta of 1.62.

Liberty Global plc – Class A (NASDAQ:LBTYA) last posted its earnings results on Wednesday, November 1st. The company reported ($0.55) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.75) by $0.20. Liberty Global plc – Class A had a return on equity of 6.35% and a net margin of 5.53%. research analysts expect that Liberty Global plc – Class A will post -1.47 EPS for the current fiscal year.

Liberty Global plc – Class A declared that its board has approved a share buyback plan on Monday, December 18th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other Liberty Global plc – Class A news, Director David E. Rapley sold 6,750 shares of Liberty Global plc – Class A stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $33.82, for a total value of $228,285.00. Following the transaction, the director now owns 8,045 shares in the company, valued at $272,081.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard R. Green sold 43,275 shares of Liberty Global plc – Class A stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $33.31, for a total value of $1,441,490.25. Following the completion of the transaction, the director now owns 17,002 shares in the company, valued at approximately $566,336.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,911 shares of company stock valued at $3,887,646. 5.81% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. grew its position in Liberty Global plc – Class A by 69.6% in the second quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock valued at $107,000 after acquiring an additional 1,374 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in shares of Liberty Global plc – Class A during the third quarter worth about $108,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Liberty Global plc – Class A during the third quarter worth about $173,000. Valeo Financial Advisors LLC bought a new stake in shares of Liberty Global plc – Class A during the third quarter worth about $191,000. Finally, California State Teachers Retirement System bought a new stake in shares of Liberty Global plc – Class A during the second quarter worth about $203,000. Hedge funds and other institutional investors own 21.99% of the company’s stock.

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Liberty Global plc – Class A Company Profile

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

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