Barclays Lowers Liberty Global (NASDAQ:LBTYA) Price Target to $12.00

Liberty Global (NASDAQ:LBTYA) had its price target cut by Barclays from $20.00 to $12.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other equities analysts have also commented on LBTYA. Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and increased their price target for the company from $15.50 to $21.30 in a research note on Monday, August 12th. UBS Group lowered shares of Liberty Global from a “buy” rating to a “neutral” rating and dropped their price target for the company from $23.00 to $13.00 in a research note on Monday, November 18th. Benchmark reiterated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a research note on Tuesday, October 29th. Finally, Citigroup initiated coverage on shares of Liberty Global in a research note on Friday, August 9th. They issued a “buy” rating and a $25.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.76.

Liberty Global Stock Up 1.7 %

Shares of NASDAQ:LBTYA opened at $13.99 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $5.00 billion, a PE ratio of -1.38 and a beta of 1.18. The firm’s 50-day moving average is $18.88 and its two-hundred day moving average is $18.53. Liberty Global has a 1 year low of $10.93 and a 1 year high of $21.56.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LBTYA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Liberty Global by 2,799.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock valued at $98,079,000 after buying an additional 4,485,823 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Liberty Global by 212.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company’s stock worth $57,336,000 after purchasing an additional 2,236,696 shares in the last quarter. Rubric Capital Management LP increased its position in Liberty Global by 43.7% during the 2nd quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company’s stock worth $96,320,000 after purchasing an additional 1,680,756 shares in the last quarter. State Street Corp increased its position in Liberty Global by 36.8% during the 3rd quarter. State Street Corp now owns 2,624,307 shares of the company’s stock worth $55,399,000 after purchasing an additional 705,780 shares in the last quarter. Finally, ING Groep NV purchased a new stake in Liberty Global during the 3rd quarter worth about $12,953,000. 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.