Liberty Global (NASDAQ:LBTYA) Lowered to Neutral Rating by UBS Group

UBS Group downgraded shares of Liberty Global (NASDAQ:LBTYA) from a buy rating to a neutral rating in a research note published on Monday morning, Marketbeat.com reports. The firm currently has $13.00 price target on the stock, down from their previous price target of $23.00.

LBTYA has been the topic of several other reports. Benchmark reiterated a “buy” rating and issued a $27.00 price objective on shares of Liberty Global in a research note on Tuesday, October 29th. Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and upped their price target for the company from $15.50 to $21.30 in a research report on Monday, August 12th. Finally, Citigroup initiated coverage on Liberty Global in a report on Friday, August 9th. They set a “buy” rating and a $25.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $22.90.

Liberty Global Price Performance

Shares of Liberty Global stock opened at $12.16 on Monday. Liberty Global has a twelve month low of $10.93 and a twelve month high of $21.56. 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 firm’s 50-day simple moving average is $19.94 and its 200-day simple moving average is $18.74.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LBTYA. EverSource Wealth Advisors LLC raised its stake in shares of Liberty Global by 63.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $27,000 after acquiring an additional 601 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Liberty Global by 110.3% in the 3rd quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock valued at $39,000 after buying an additional 975 shares during the period. nVerses Capital LLC bought a new stake in shares of Liberty Global during the second quarter worth $75,000. Whittier Trust Co. lifted its stake in shares of Liberty Global by 21,707.3% during the second quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock valued at $156,000 after acquiring an additional 8,900 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Liberty Global by 4,512.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock valued at $156,000 after acquiring an additional 8,754 shares during the last quarter. 37.20% of the stock is owned by institutional investors.

Liberty Global Company Profile

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.