Liberty Global’s (LBTYA) “Buy” Rating Reaffirmed at Benchmark

Liberty Global (NASDAQ:LBTYA)‘s stock had its “buy” rating restated by equities research analysts at Benchmark in a research report issued on Tuesday, Benzinga reports. They currently have a $27.00 price target on the stock. Benchmark’s price target points to a potential upside of 29.19% from the stock’s current price.

Several other research firms also recently weighed in on LBTYA. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Citigroup began coverage on shares of Liberty Global in a research report on Friday, August 9th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $15.50 to $21.30 in a research report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.26.

Liberty Global Stock Performance

Shares of LBTYA remained flat at $20.90 during midday trading on Tuesday. 231,506 shares of the stock traded hands, compared to its average volume of 1,717,793. Liberty Global has a 52 week low of $15.01 and a 52 week high of $21.56. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of -3.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.34 and a quick ratio of 1.34. The company’s fifty day simple moving average is $20.33 and its 200 day simple moving average is $18.56.

Institutional Investors Weigh In On Liberty Global

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in Liberty Global by 63.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $27,000 after purchasing an additional 601 shares during the period. Blue Trust Inc. boosted its position in Liberty Global by 110.3% during the third quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock worth $39,000 after purchasing an additional 975 shares during the period. nVerses Capital LLC bought a new stake in Liberty Global during the second quarter worth approximately $75,000. Central Pacific Bank Trust Division bought a new stake in Liberty Global during the first quarter worth approximately $91,000. Finally, Whittier Trust Co. boosted its position in Liberty Global by 21,707.3% during the second quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock worth $156,000 after purchasing an additional 8,900 shares during the period. Institutional investors own 37.20% of the company’s stock.

Liberty Global Company Profile

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.