Published: Sat, August 12, 2017
Business | By Max Garcia

Liberty Global PLC (NASDAQ:LBTYA) Lowered to "Hold" at ValuEngine


Media coverage about Liberty Global PLC (NASDAQ:LILAK) has been trending somewhat positive recently, according to Accern. S&CO Inc. now owns 120,406 shares of the company's stock valued at $4,319,000 after buying an additional 6,365 shares in the last quarter. Schwab Charles Investment Management Inc. owned approximately 0.26% of Liberty Global PLC worth $10,344,000 as of its most recent filing with the SEC. Waldron LP bought a new stake in shares of Liberty Global PLC during the first quarter valued at $209,000. Route One Investment Company Lp bought 3.70 million shares as the company's stock declined 18.04% while stock markets rallied.

Prudential Plc increased Comcast Corp (NASDAQ:CMCSA) stake by 54,851 shares to 3.19 million valued at $220.06M in 2016Q4. Cove Street Capital LLC raised its position in shares of Liberty Global PLC by 6.8% in the first quarter. Artisan Partners Limited Partnership now owns 10,900,902 shares of the company's stock worth $391,015,000 after buying an additional 76,709 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Liberty Global PLC during the first quarter valued at $542,000. As of the end of the quarter Proshare Advisors LLC had bought 9,068 shares growing its position 15.1%.

For this year, Liberty Global plc (NASDAQ:LBTYA) is performing 11.05%. Liberty Global PLC has a 1-year low of $19.33 and a 1-year high of $30.88. Shares last traded at $33.79 a bit higher than the 50 day moving average which is $32.57 and which is a tad above the 200 day moving average of $33.57. The consensus rating is 2.4, suggesting the market has given up on the stock. On July 11 the company was set at "Buy" by Redburn which was a boost from the previous " rating. The company was maintained on Friday, June 24 by Pivotal Research.

The company's P/E ratio is 36.98 and the market cap is 33.77B. The total value of its holdings decreased 21.0%. The transaction was disclosed in a document filed with the SEC, which is available through this link. If you are viewing this news story on another website, it was illegally copied and republished in violation of USA & worldwide trademark & copyright laws.

WARNING: "Liberty Global PLC (LBTYA) Downgraded to "Hold" at ValuEngine" was originally published by Community Financial News and is the property of of Community Financial News. Jefferies Group LLC set a $43.00 price objective on shares of Liberty Global PLC and gave the stock a "buy" rating in a report on Saturday, June 17th.

Wall Street analysts polled by Thomson Reuters have a current recommendation of 2.40 on a consensus basis for the stock. The correct version of this piece of content can be accessed at https://www.thestockobserver.com/2017/08/11/markel-corp-maintains-stake-in-liberty-global-plc-lbtya-updated.html. The stock declined 0.75% or $0.25 reaching $32.88 on the news. Also, Director John C. Malone acquired 242,778 shares of the business's stock in a transaction dated Wednesday, July 12th.

Several equities research analysts have recently commented on the company. The disclosure for this purchase can be found here.

Finally, Zacks Investment Research cut shares of Liberty Global PLC from a "hold" rating to a "sell" rating in a research report on Thursday, June 1st. 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.

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