Liberty Global (NASDAQ:LBTYA) Rating Lowered to “Underperform” at Bank of America

Liberty Global (NASDAQ:LBTYA) was downgraded by equities researchers at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday,Briefing.com Automated Import reports. They presently have a $12.60 price objective on the stock, down from their prior price objective of $13.10. Bank of America‘s target price points to a potential downside of 9.09% from the stock’s current price.

Several other equities analysts also recently commented on LBTYA. UBS Group downgraded Liberty Global from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $13.00 in a research report on Monday, November 18th. Citigroup assumed coverage on Liberty Global in a report on Friday, August 9th. They issued a “buy” rating and a $25.00 target price on the stock. Barclays reduced 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. Deutsche Bank Aktiengesellschaft reduced their target price on Liberty Global from $38.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Benchmark reaffirmed a “buy” rating and issued a $27.00 target price on shares of Liberty Global in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Liberty Global currently has an average rating of “Hold” and an average target price of $18.94.

Liberty Global Price Performance

Shares of Liberty Global stock opened at $13.86 on Friday. The stock’s 50-day simple moving average is $18.17 and its 200-day simple moving average is $18.42. Liberty Global has a 52 week low of $10.93 and a 52 week high of $21.56. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of -1.37 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 the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the sale, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.51% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in shares of Liberty Global by 63.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after buying an additional 601 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Liberty Global by 2.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 28,188 shares of the company’s stock valued at $595,000 after buying an additional 606 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Liberty Global by 8.1% in the third quarter. Private Advisor Group LLC now owns 11,113 shares of the company’s stock valued at $235,000 after purchasing an additional 835 shares during the period. Stifel Financial Corp boosted its holdings in shares of Liberty Global by 8.2% in the third quarter. Stifel Financial Corp now owns 12,717 shares of the company’s stock valued at $268,000 after purchasing an additional 968 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Liberty Global by 110.3% in the third quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock valued at $39,000 after purchasing an additional 975 shares during the period. 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.