Liberty Global (NASDAQ:LBTYA) Raised to Neutral at Bank of America

Bank of America upgraded shares of Liberty Global (NASDAQ:LBTYA) from an underperform rating to a neutral rating in a report issued on Monday morning, Marketbeat Ratings reports. Bank of America currently has $21.30 price target on the stock, up from their previous price target of $15.50.

A number of other equities research analysts also recently weighed in on LBTYA. Deutsche Bank Aktiengesellschaft lifted their price objective on Liberty Global from $33.00 to $34.00 and gave the company a buy rating in a report on Friday, July 12th. Barclays dropped their price target on Liberty Global from $22.00 to $20.00 and set an equal weight rating for the company in a report on Friday, May 3rd. Benchmark reissued a buy rating and issued a $27.00 price objective on shares of Liberty Global in a research note on Thursday, July 25th. Finally, Citigroup initiated coverage on shares of Liberty Global in a report on Friday, August 9th. They set a buy rating and a $25.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $24.26.

Liberty Global Stock Performance

Shares of LBTYA stock opened at $18.70 on Monday. Liberty Global has a 1 year low of $15.01 and a 1 year high of $20.56. The firm’s fifty day simple moving average is $18.29 and its 200 day simple moving average is $17.66. The firm has a market capitalization of $6.97 billion, a P/E ratio of -2.89 and a beta of 1.16. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80.

Institutional Trading of Liberty Global

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in Liberty Global by 63.7% during 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 in the last quarter. ARGA Investment Management LP grew its stake in shares of Liberty Global by 1.7% in the first quarter. ARGA Investment Management LP now owns 94,600 shares of the company’s stock valued at $1,601,000 after acquiring an additional 1,591 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of Liberty Global by 13.3% in the second quarter. Wedbush Securities Inc. now owns 15,778 shares of the company’s stock valued at $275,000 after acquiring an additional 1,855 shares in the last quarter. Bfsg LLC grew its stake in Liberty Global by 27.1% during the second quarter. Bfsg LLC now owns 11,030 shares of the company’s stock worth $192,000 after buying an additional 2,349 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Liberty Global by 15.8% during the second quarter. SG Americas Securities LLC now owns 20,514 shares of the company’s stock worth $358,000 after buying an additional 2,801 shares in the last quarter. Institutional investors own 37.20% of the company’s stock.

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.