Liberty Global (LBTYA) Downgraded to “Hold” at BidaskClub

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BidaskClub lowered shares of Liberty Global (NASDAQ:LBTYA) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

Several other analysts have also recently issued reports on LBTYA. ValuEngine raised shares of Liberty Global from a sell rating to a hold rating in a report on Friday, March 1st. Zacks Investment Research cut shares of Liberty Global from a hold rating to a sell rating in a report on Tuesday, November 27th. Pivotal Research reaffirmed a buy rating and issued a $32.00 price target on shares of Liberty Global in a report on Wednesday, February 27th. HSBC set a $32.00 price target on shares of Liberty Global and gave the company a buy rating in a report on Tuesday, January 29th. Finally, Barclays reaffirmed a buy rating on shares of Liberty Global in a report on Thursday, December 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Liberty Global has an average rating of Hold and a consensus target price of $34.44.

LBTYA traded up $0.47 during trading on Thursday, hitting $26.09. The company had a trading volume of 45,312 shares, compared to its average volume of 2,018,962. The stock has a market capitalization of $19.01 billion, a PE ratio of -13.23 and a beta of 1.54. The company has a debt-to-equity ratio of 6.31, a current ratio of 0.40 and a quick ratio of 0.40. Liberty Global has a 1-year low of $19.88 and a 1-year high of $33.58.

A number of hedge funds have recently added to or reduced their stakes in LBTYA. Princeton Global Asset Management LLC bought a new position in shares of Liberty Global during the fourth quarter worth about $26,000. Kinneret Advisory LLC bought a new position in shares of Liberty Global during the fourth quarter worth about $84,000. QS Investors LLC grew its position in shares of Liberty Global by 21.1% during the fourth quarter. QS Investors LLC now owns 4,015 shares of the company’s stock worth $86,000 after acquiring an additional 700 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Liberty Global by 75.2% during the third quarter. Tower Research Capital LLC TRC now owns 7,763 shares of the company’s stock worth $225,000 after acquiring an additional 3,331 shares during the last quarter. Finally, Wetherby Asset Management Inc. bought a new position in shares of Liberty Global during the third quarter worth about $234,000. Hedge funds and other institutional investors own 22.73% of the company’s stock.

About Liberty Global

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.

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