Liberty Global (NASDAQ:LBTYA) Stock Rating Lowered by Bank of America

Liberty Global (NASDAQ:LBTYA) was downgraded by investment analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued on Friday, Marketbeat reports. They currently have a $12.60 price target on the stock, down from their prior price target of $13.10. Bank of America‘s target price indicates a potential downside of 6.11% from the company’s previous close.

A number of other equities analysts have also recently commented on LBTYA. Barclays decreased their target price on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, November 25th. UBS Group lowered Liberty Global from a “buy” rating to a “neutral” rating and cut their price target for the stock 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. Citigroup began coverage on Liberty Global in a research note on Friday, August 9th. They issued a “buy” rating and a $25.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Liberty Global from $38.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.94.

Liberty Global Stock Down 3.2 %

LBTYA stock opened at $13.42 on Friday. Liberty Global has a twelve month low of $10.93 and a twelve month high of $21.56. The stock’s 50 day moving average is $18.02 and its 200-day moving average is $18.40. The firm has a market capitalization of $4.80 billion, a PE ratio of -1.32 and a beta of 1.24. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

Insiders Place Their Bets

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the transaction, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.51% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Several institutional investors and hedge funds have recently bought and sold shares of LBTYA. SG Americas Securities LLC grew its holdings in shares of Liberty Global by 15.8% during the second quarter. SG Americas Securities LLC now owns 20,514 shares of the company’s stock valued at $358,000 after buying an additional 2,801 shares during the last quarter. Welch Group LLC acquired a new position in shares of Liberty Global in the second quarter worth about $174,000. ARS Investment Partners LLC acquired a new position in shares of Liberty Global in the second quarter worth about $261,000. Tevis Investment Management raised its position in shares of Liberty Global by 156.0% during the 2nd quarter. Tevis Investment Management now owns 27,170 shares of the company’s stock worth $474,000 after purchasing an additional 16,555 shares during the last quarter. Finally, &PARTNERS acquired a new position in shares of Liberty Global during the 2nd quarter worth about $337,000. 37.20% of the stock is owned by hedge funds and other institutional investors.

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.