Barclays Cuts Liberty Global (NASDAQ:LBTYA) Price Target to $12.00

Liberty Global (NASDAQ:LBTYA) had its price target reduced by Barclays from $20.00 to $12.00 in a report issued on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research analysts have also recently commented on LBTYA. UBS Group cut Liberty Global from a “buy” rating to a “neutral” rating and cut their target price for the company from $23.00 to $13.00 in a research note on Monday, November 18th. Bank of America raised Liberty Global from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $15.50 to $21.30 in a research report on Monday, August 12th. Citigroup initiated coverage on Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 target price for the company. Finally, Benchmark restated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.76.

Liberty Global Stock Performance

NASDAQ LBTYA opened at $13.99 on Monday. The business’s 50 day moving average price is $19.01 and its 200-day moving average price is $18.56. Liberty Global has a fifty-two week low of $10.93 and a fifty-two week high of $21.56. The company has a market cap of $5.00 billion, a P/E ratio of -1.38 and a beta of 1.18. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LBTYA. EverSource Wealth Advisors LLC increased its holdings in shares of Liberty Global by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after acquiring an additional 601 shares during the period. Blue Trust Inc. grew its stake in Liberty Global by 110.3% in the third quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock valued at $39,000 after purchasing an additional 975 shares during the last quarter. nVerses Capital LLC bought a new position in Liberty Global in the second quarter worth about $75,000. Whittier Trust Co. lifted its position 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 buying an additional 8,900 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Liberty Global by 4,512.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock valued at $156,000 after buying an additional 8,754 shares in the last quarter. 37.20% of the stock is currently owned by institutional investors.

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.