Analysts Set Liberty Global Ltd. (NASDAQ:LBTYA) Target Price at $18.94

Shares of Liberty Global Ltd. (NASDAQ:LBTYA) have been given an average rating of “Hold” by the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $18.94.

LBTYA has been the topic of a number of research reports. Benchmark restated a “buy” rating and issued a $27.00 price objective on shares of Liberty Global in a report on Tuesday, October 29th. Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $13.10 to $12.60 in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft reduced their price target on Liberty Global from $38.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Barclays dropped their price objective on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, November 25th. Finally, UBS Group downgraded shares of Liberty Global from a “buy” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $13.00 in a research note on Monday, November 18th.

Insiders Place Their Bets

In other 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 value of $1,224,539.68. Following the completion of the sale, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.51% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Global

A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in Liberty Global by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 611,380 shares of the company’s stock valued at $12,906,000 after acquiring an additional 31,259 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Liberty Global during the 3rd quarter valued at approximately $6,155,000. Geode Capital Management LLC grew its stake in Liberty Global by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,262,910 shares of the company’s stock worth $47,778,000 after buying an additional 141,749 shares during the last quarter. Barclays PLC grew its stake in Liberty Global by 153.2% during the 3rd quarter. Barclays PLC now owns 496,045 shares of the company’s stock worth $10,471,000 after buying an additional 300,126 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Liberty Global in the third quarter worth $1,272,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Trading Down 1.7 %

Shares of LBTYA opened at $12.90 on Monday. Liberty Global has a twelve month low of $10.93 and a twelve month high of $21.56. The firm has a market capitalization of $4.61 billion, a P/E ratio of -1.27 and a beta of 1.25. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The stock’s fifty day simple moving average is $14.74 and its 200 day simple moving average is $17.79.

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.