Liberty Global PLC (NASDAQ:LBTYA) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Several other research analysts have also recently issued reports on LBTYA. Jefferies Group LLC set a $43.00 target price on Liberty Global PLC and gave the company a “buy” rating in a research report on Saturday, June 17th. UBS AG assumed coverage on Liberty Global PLC in a research report on Friday, June 16th. They set a “neutral” rating and a $31.00 target price on the stock. Zacks Investment Research cut Liberty Global PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Pivotal Research cut their target price on Liberty Global PLC from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, July 18th. Finally, ValuEngine raised Liberty Global PLC from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $39.92.

Shares of Liberty Global PLC (NASDAQ LBTYA) traded down 0.33% during trading on Wednesday, hitting $32.92. The company had a trading volume of 1,571,082 shares. Liberty Global PLC has a 12-month low of $28.17 and a 12-month high of $37.69. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 11.43 and a beta of 1.66. The stock has a 50-day moving average of $30.86 and a 200 day moving average of $33.57.

ILLEGAL ACTIVITY WARNING: “BidaskClub Upgrades Liberty Global PLC (NASDAQ:LBTYA) to Buy” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/07/23/bidaskclub-upgrades-liberty-global-plc-nasdaqlbtya-to-buy.html.

In other news, Director John C. Malone bought 139,052 shares of the stock in a transaction on Wednesday, July 5th. The shares were purchased at an average cost of $21.74 per share, for a total transaction of $3,022,990.48. Following the completion of the purchase, the director now directly owns 761,816 shares in the company, valued at approximately $16,561,879.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Malone bought 384,673 shares of the 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 completion of the purchase, the director now owns 761,816 shares of the company’s stock, valued at $16,607,588.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,610,000 shares of company stock worth $37,412,081. Corporate insiders own 3.93% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new stake in Liberty Global PLC during the first quarter worth about $163,000. Simplex Trading LLC bought a new stake in Liberty Global PLC during the second quarter worth about $164,000. Everett Harris & Co. CA bought a new stake in Liberty Global PLC during the first quarter worth about $201,000. Waldron LP bought a new stake in Liberty Global PLC during the first quarter worth about $209,000. Finally, World Asset Management Inc bought a new stake in Liberty Global PLC during the first quarter worth about $218,000. Hedge funds and other institutional investors own 23.57% of the company’s stock.

Liberty Global PLC Company Profile

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.

Analyst Recommendations for Liberty Global PLC (NASDAQ:LBTYA)

Receive News & Ratings for Liberty Global PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global PLC and related companies with MarketBeat.com's FREE daily email newsletter.