Liberty Global (NASDAQ:LBTYA) Stock Rating Lowered by Sanford C. Bernstein

Liberty Global (NASDAQ:LBTYA) was downgraded by Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research report issued on Thursday,Finviz reports. They presently have a $12.40 price target on the stock, down from their previous price target of $24.70. Sanford C. Bernstein’s price objective indicates a potential upside of 6.53% from the company’s current price.

LBTYA has been the subject of several other reports. Bank of America downgraded Liberty Global from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $13.10 to $12.60 in a report on Friday, December 6th. UBS Group downgraded Liberty Global from a “buy” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $13.00 in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft reduced their target price on Liberty Global from $38.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Benchmark reissued a “buy” rating and issued a $27.00 target price on shares of Liberty Global in a report on Tuesday, October 29th. Finally, Barclays reduced their target price on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.13.

Liberty Global Trading Down 0.6 %

NASDAQ:LBTYA opened at $11.64 on Thursday. Liberty Global has a 1 year low of $10.93 and a 1 year high of $21.56. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $4.16 billion, a P/E ratio of -1.15 and a beta of 1.25. The stock has a 50-day simple moving average of $12.74 and a 200-day simple moving average of $17.29.

Insider Transactions at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the 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 completion of the transaction, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. This represents a 61.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.51% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Liberty Global by 153.2% in the 3rd quarter. Barclays PLC now owns 496,045 shares of the company’s stock worth $10,471,000 after acquiring an additional 300,126 shares during the period. ING Groep NV acquired a new stake in shares of Liberty Global in the 3rd quarter worth approximately $12,953,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Liberty Global by 2,799.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock valued at $98,079,000 after buying an additional 4,485,823 shares during the last quarter. Scientech Research LLC acquired a new stake in Liberty Global during the 2nd quarter valued at $1,390,000. Finally, Amalgamated Bank acquired a new stake in Liberty Global during the 2nd quarter valued at $480,000. Institutional investors and hedge funds 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.