Liberty Global PLC (LILA) Now Covered by HSBC Holdings plc

Research analysts at HSBC Holdings plc initiated coverage on shares of Liberty Global PLC (NASDAQ:LILA) in a note issued to investors on Monday. The brokerage set a “reduce” rating and a $22.50 price target on the stock. HSBC Holdings plc’s price objective suggests a potential downside of 7.25% from the stock’s previous close.

A number of other research firms have also weighed in on LILA. Morgan Stanley lowered Liberty Global PLC from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $22.00 to $26.00 in a report on Thursday, August 10th. Barclays PLC raised their target price on Liberty Global PLC from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Liberty Global PLC from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, October 4th. Royal Bank Of Canada lowered Liberty Global PLC from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $30.00 to $28.50 in a report on Monday, July 24th. Finally, Macquarie lowered Liberty Global PLC from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $35.00 to $25.00 in a report on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Liberty Global PLC presently has an average rating of “Hold” and an average price target of $29.44.

Shares of Liberty Global PLC (NASDAQ LILA) opened at 24.26 on Monday. The stock’s 50 day moving average price is $24.51 and its 200-day moving average price is $24.51. The company’s market cap is $4.16 billion. Liberty Global PLC has a 52 week low of $19.10 and a 52 week high of $28.18.

COPYRIGHT VIOLATION WARNING: “Liberty Global PLC (LILA) Now Covered by HSBC Holdings plc” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/11/liberty-global-plc-lila-now-covered-by-hsbc-holdings-plc.html.

Institutional investors have recently modified their holdings of the stock. Legal & General Group Plc lifted its holdings in Liberty Global PLC by 60.0% during the second quarter. Legal & General Group Plc now owns 9,598 shares of the company’s stock worth $209,000 after acquiring an additional 3,598 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Liberty Global PLC during the second quarter worth $212,000. Parametric Portfolio Associates LLC lifted its holdings in Liberty Global PLC by 2.0% during the second quarter. Parametric Portfolio Associates LLC now owns 11,004 shares of the company’s stock worth $240,000 after acquiring an additional 211 shares during the period. Rafferty Asset Management LLC lifted its holdings in Liberty Global PLC by 11.0% during the first quarter. Rafferty Asset Management LL

A number of other research firms have also weighed in on LILA. Morgan Stanley lowered Liberty Global PLC from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $22.00 to $26.00 in a report on Thursday, August 10th. Barclays PLC raised their target price on Liberty Global PLC from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Liberty Global PLC from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, October 4th. Royal Bank Of Canada lowered Liberty Global PLC from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $30.00 to $28.50 in a report on Monday, July 24th. Finally, Macquarie lowered Liberty Global PLC from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $35.00 to $25.00 in a report on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Liberty Global PLC presently has an average rating of “Hold” and an average price target of $29.44.

Shares of Liberty Global PLC (NASDAQ LILA) opened at 24.26 on Monday. The stock’s 50 day moving average price is $24.51 and its 200-day moving average price is $24.51. The company’s market cap is $4.16 billion. Liberty Global PLC has a 52 week low of $19.10 and a 52 week high of $28.18.

COPYRIGHT VIOLATION WARNING: “Liberty Global PLC (LILA) Now Covered by HSBC Holdings plc” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/11/liberty-global-plc-lila-now-covered-by-hsbc-holdings-plc.html.

Institutional investors have recently modified their holdings of the stock. Legal & General Group Plc lifted its holdings in Liberty Global PLC by 60.0% during the second quarter. Legal & General Group Plc now owns 9,598 shares of the company’s stock worth $209,000 after acquiring an additional 3,598 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Liberty Global PLC during the second quarter worth $212,000. Parametric Portfolio Associates LLC lifted its holdings in Liberty Global PLC by 2.0% during the second quarter. Parametric Portfolio Associates LLC now owns 11,004 shares of the company’s stock worth $240,000 after acquiring an additional 211 shares during the period. Rafferty Asset Management LLC lifted its holdings in Liberty Global PLC by 11.0% during the first quarter. Rafferty Asset Management LLC now owns 12,669 shares of the company’s stock worth $282,000 after acquiring an additional 1,258 shares during the period. Finally, Wayne Hummer Investments L.L.C. lifted its holdings in Liberty Global PLC by 38.1% during the second quarter. Wayne Hummer Investments L.L.C. now owns 13,531 shares of the company’s stock worth $295,000 after acquiring an additional 3,732 shares during the period. Institutional investors and hedge funds own 21.44% of the company’s stock.

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.

Analyst Recommendations for Liberty Global PLC (NASDAQ:LILA)

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