Shares of Liberty Global PLC (NASDAQ:LILA) have been given an average recommendation of “Hold” by the eight research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $31.25.
Several equities research analysts recently issued reports on LILA shares. Barclays PLC lifted their price objective on shares of Liberty Global PLC from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, September 1st. ValuEngine raised shares of Liberty Global PLC from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Liberty Global PLC from a “hold” rating to a “sell” rating in a research note on Thursday, June 1st. Morgan Stanley lowered shares of Liberty Global PLC from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $22.00 to $26.00 in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada lowered shares of Liberty Global PLC from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $30.00 to $28.50 in a research note on Monday, July 24th.
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Shares of Liberty Global PLC (LILA) traded up 0.68% during mid-day trading on Friday, reaching $23.75. The company had a trading volume of 199,437 shares. Liberty Global PLC has a 52-week low of $19.10 and a 52-week high of $29.31. The company’s 50-day moving average is $25.11 and its 200 day moving average is $25.11. The stock’s market capitalization is $4.07 billion.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Genesis Asset Managers LLP raised its holdings in Liberty Global PLC by 11.1% in the 2nd quarter. Genesis Asset Managers LLP now owns 8,270,705 shares of the company’s stock worth $180,053,000 after acquiring an additional 823,813 shares during the period. Cove Street Capital LLC raised its holdings in Liberty Global PLC by 6.8% in the 1st quarter. Cove Street Capital LLC now owns 2,034,533 shares of the company’s stock worth $45,248,000 after acquiring an additional 129,100 shares during the period. New Mountain Vantage Advisers L.L.C. raised its holdings in Liberty Global PLC by 2.2% in the 2nd 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 period. Alken Asset Management Ltd. bought a new position in Liberty Global PLC in the 2nd quarter worth $36,663,000. Finally, Vanguard Group Inc. raised its holdings in Liberty Global PLC by 18.5% in the 1st quarter. Vanguard Group Inc. now owns 918,968 shares of the company’s stock worth $20,437,000 after acquiring an additional 143,182 shares during the period. Hedge funds and other institutional investors own 21.44% of the company’s stock.
Liberty Global PLC Company Profile
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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