Liberty Global (NASDAQ:LBTYA) Lowered to “Neutral” Rating by UBS Group

UBS Group downgraded shares of Liberty Global (NASDAQ:LBTYA) from a buy rating to a neutral rating in a research report report published on Monday, MarketBeat Ratings reports. UBS Group currently has $13.00 target price on the stock, down from their previous target price of $23.00.

Several other research analysts have also recently issued reports on LBTYA. Benchmark reaffirmed a “buy” rating and set a $27.00 price objective on shares of Liberty Global in a research report on Tuesday, October 29th. Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $15.50 to $21.30 in a research report on Monday, August 12th. Finally, Citigroup initiated coverage on shares of Liberty Global in a research note on Friday, August 9th. They set a “buy” rating and a $25.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Liberty Global has an average rating of “Hold” and an average price target of $22.90.

Liberty Global Price Performance

Shares of LBTYA opened at $13.25 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The firm’s fifty day simple moving average is $19.54 and its 200-day simple moving average is $18.64. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of -1.31 and a beta of 1.18. Liberty Global has a twelve month low of $10.93 and a twelve month high of $21.56.

Hedge Funds Weigh In On Liberty Global

Institutional investors have recently added to or reduced their stakes in the stock. ING Groep NV acquired a new position in Liberty Global in the 3rd quarter valued at $12,953,000. Scientech Research LLC purchased a new position in Liberty Global during the second quarter worth about $1,390,000. Amalgamated Bank acquired a new stake in Liberty Global in the second quarter valued at about $480,000. Algert Global LLC acquired a new position in Liberty Global during the 2nd quarter worth approximately $624,000. Finally, Gamco Investors INC. ET AL raised its stake in shares of Liberty Global by 32.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,222,428 shares of the company’s stock worth $20,683,000 after buying an additional 301,639 shares in the last quarter. Institutional investors and hedge funds 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.