Liberty Global PLC (NASDAQ:LILA) had its price objective lowered by Barclays PLC from $25.00 to $24.00 in a research report released on Monday, October 16th. The brokerage currently has an equal weight rating on the stock.
A number of other brokerages also recently commented on LILA. Morgan Stanley downgraded Liberty Global PLC from an equal weight rating to an underweight rating and increased their price objective for the company from $22.00 to $26.00 in a research report on Thursday, August 10th. Macquarie downgraded Liberty Global PLC from an outperform rating to a neutral rating and cut their price objective for the company from $35.00 to $25.00 in a research report on Wednesday, September 27th. Royal Bank Of Canada set a $29.00 target price on shares of Liberty Global PLC and gave the company a hold rating in a research note on Wednesday, October 11th. Buckingham Research assumed coverage on shares of Liberty Global PLC in a research note on Friday, September 29th. They set a buy rating and a $30.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of Liberty Global PLC from a buy rating to a hold rating in a research note on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $29.39.
Liberty Global PLC (LILA) traded down 0.14% during mid-day trading on Monday, reaching $21.20. The company had a trading volume of 622,680 shares. Liberty Global PLC has a 12 month low of $19.10 and a 12 month high of $28.11. The firm’s 50 day moving average price is $23.77 and its 200-day moving average price is $23.77. The company’s market capitalization is $3.63 billion.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Liberty Global PLC by 6,839.9% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 12,353 shares of the company’s stock worth $294,000 after acquiring an additional 12,175 shares during the last quarter. OTA Financial Group L.P. increased its stake in shares of Liberty Global PLC by 100.0% in the third quarter. OTA Financial Group L.P. now owns 29,912 shares of the company’s stock worth $664,000 after acquiring an additional 14,956 shares during the last quarter. Archford Capital Strategies LLC increased its stake in shares of Liberty Global PLC by 989,600.0% in the second quarter. Archford Capital Strategies LLC now owns 9,897 shares of the company’s stock worth $547,000 after acquiring an additional 9,896 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Liberty Global PLC in the second quarter worth $212,000. Finally, New Mountain Vantage Advisers L.L.C. increased its stake in shares of Liberty Global PLC by 2.2% in the second quarter. New Mountain Vantage Advisers L.L.C. now owns 1,830,689 shares of the company’s stock worth $39,854,000 after acquiring an additional 40,150 shares during the last quarter. 21.00% of the stock is currently owned by institutional investors and hedge funds.
About Liberty Global PLC
LiLAC Group provides various broadband services over cable distribution systems, and mobile services in Chile and Puerto Rico. It offers triple-play services consisting of video, broadband Internet, and fixed-line telephony services in 34 communities within Santiago; and 42 communities outside Santiago, including Iquique, Antofagasta, Concepción, Viña del Mar, Valparaiso, and Rancagua, as well as smaller cities across Chile.
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