BidaskClub Upgrades Liberty Global plc – Class A (NASDAQ:LBTYA) to Buy

BidaskClub upgraded shares of Liberty Global plc – Class A (NASDAQ:LBTYA) from a hold rating to a buy rating in a research report sent to investors on Wednesday, December 20th.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank started coverage on Liberty Global plc – Class A in a research note on Wednesday, September 6th. They issued a buy rating and a $43.00 price target for the company. Pivotal Research restated a buy rating and issued a $44.00 price objective on shares of Liberty Global plc – Class A in a research note on Tuesday, December 19th. Citigroup reduced their price objective on Liberty Global plc – Class A from $40.00 to $37.00 and set a buy rating for the company in a research note on Friday, November 24th. Zacks Investment Research upgraded Liberty Global plc – Class A from a hold rating to a buy rating and set a $35.00 price target for the company in a research report on Tuesday, October 31st. Finally, Jefferies Group set a $42.00 price target on Liberty Global plc – Class A and gave the company a buy rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $39.41.

Liberty Global plc – Class A (NASDAQ LBTYA) traded up $0.28 on Wednesday, hitting $36.87. The stock had a trading volume of 1,559,459 shares, compared to its average volume of 1,740,000. Liberty Global plc – Class A has a fifty-two week low of $28.17 and a fifty-two week high of $37.69. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.64. The company has a market cap of $8,090.00, a P/E ratio of 41.43 and a beta of 1.62.

Liberty Global plc – Class A announced that its board has approved a share buyback plan on Monday, December 18th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

In related news, Director David E. Rapley sold 6,750 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $33.82, for a total value of $228,285.00. Following the sale, the director now owns 8,045 shares in the company, valued at approximately $272,081.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard R. Green sold 43,275 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $33.31, for a total value of $1,441,490.25. Following the transaction, the director now directly owns 17,002 shares of the company’s stock, valued at $566,336.62. The disclosure for this sale can be found here. Insiders sold 242,911 shares of company stock worth $6,627,246 in the last 90 days. Company insiders own 3.93% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Standard Life Investments LTD purchased a new stake in Liberty Global plc – Class A during the 2nd quarter valued at approximately $105,000. D.A. Davidson & CO. raised its stake in Liberty Global plc – Class A by 69.6% during the 2nd quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock valued at $107,000 after acquiring an additional 1,374 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in Liberty Global plc – Class A during the 3rd quarter valued at approximately $108,000. Commonwealth Bank of Australia raised its stake in Liberty Global plc – Class A by 96.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 4,712 shares of the company’s stock valued at $150,000 after acquiring an additional 2,316 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its stake in Liberty Global plc – Class A by 1.1% during the 2nd quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock valued at $162,000 after acquiring an additional 57 shares during the last quarter. 21.99% of the stock is owned by hedge funds and other institutional investors.

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Liberty Global plc – Class A Company Profile

Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.

Analyst Recommendations for Liberty Global plc - Class A (NASDAQ:LBTYA)

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