Liberty Global PLC (NASDAQ:LBTYA) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

LBTYA has been the topic of several other research reports. Zacks Investment Research upgraded shares of Liberty Global PLC from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, June 20th. Macquarie restated a “buy” rating and set a $42.00 target price on shares of Liberty Global PLC in a report on Tuesday, April 4th. Jefferies Group LLC set a $42.00 target price on shares of Liberty Global PLC and gave the company a “buy” rating in a report on Thursday, March 16th. Royal Bank Of Canada restated a “buy” rating and set a $42.00 target price on shares of Liberty Global PLC in a report on Friday, May 5th. Finally, BidaskClub lowered shares of Liberty Global PLC from a “sell” rating to a “strong sell” rating in a report on Friday, June 9th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.75.

Liberty Global PLC (LBTYA) traded up 0.70% during mid-day trading on Thursday, hitting $31.46. The stock had a trading volume of 1,643,737 shares. The company has a market cap of $32.39 billion, a price-to-earnings ratio of 18.92 and a beta of 1.66. The company has a 50 day moving average price of $30.15 and a 200-day moving average price of $33.41. Liberty Global PLC has a one year low of $26.16 and a one year high of $37.69.

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In other news, Director John C. Malone acquired 223,186 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were purchased at an average price of $21.76 per share, for a total transaction of $4,856,527.36. Following the acquisition, the director now directly owns 761,816 shares of the company’s stock, valued at approximately $16,577,116.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Malone acquired 384,673 shares of the business’s stock in a transaction on Friday, July 7th. The stock was purchased at an average price of $21.80 per share, for a total transaction of $8,385,871.40. Following the acquisition, the director now directly owns 761,816 shares in the company, valued at $16,607,588.80. The disclosure for this purchase can be found here. Insiders acquired a total of 746,911 shares of company stock worth $16,265,389 in the last quarter. 3.93% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Dodge & Cox bought a new stake in Liberty Global PLC during the fourth quarter valued at $493,918,000. BlackRock Inc. increased its stake in Liberty Global PLC by 2,739.9% in the first quarter. BlackRock Inc. now owns 10,201,377 shares of the company’s stock valued at $365,923,000 after buying an additional 9,842,167 shares during the last quarter. Norges Bank bought a new stake in Liberty Global PLC during the fourth quarter valued at $117,707,000. Airain ltd increased its stake in Liberty Global PLC by 5,464.3% in the first quarter. Airain ltd now owns 491,220 shares of the company’s stock valued at $17,620,000 after buying an additional 482,392 shares during the last quarter. Finally, Quest Investment Management LLC bought a new stake in Liberty Global PLC during the first quarter valued at $13,731,000. 23.59% of the stock is owned by institutional investors.

About Liberty Global PLC

Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Liberty Global PLC (NASDAQ:LBTYA)

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