Liberty Global PLC (NASDAQ:LILA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $29.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 13.59% from the stock’s current price.

According to Zacks, “Liberty LiLAC Group is a cable company. The Company provides video, broadband Internet, fixed-line telephony and mobile services primarily in Europe, Chile, Puerto Rico and internationally. Liberty LiLAC Group is based in United States. “

Several other research analysts have also commented on the company. Buckingham Research began coverage on Liberty Global PLC in a research report on Friday, September 29th. They issued a “buy” rating and a $30.00 price target for the company. Macquarie downgraded shares of Liberty Global PLC from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $25.00 in a research note on Wednesday, September 27th. Barclays PLC raised their price objective on shares of Liberty Global PLC from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, September 1st. Morgan Stanley downgraded shares of Liberty Global PLC from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $22.00 to $26.00 in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada downgraded shares of Liberty Global PLC from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $30.00 to $28.50 in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $30.31.

Liberty Global PLC (NASDAQ LILA) traded down 0.35% during midday trading on Wednesday, hitting $25.53. The stock had a trading volume of 254,319 shares. The company’s market capitalization is $4.38 billion. The stock’s 50-day moving average is $24.51 and its 200-day moving average is $24.51. Liberty Global PLC has a 1-year low of $19.10 and a 1-year high of $28.33.

COPYRIGHT VIOLATION NOTICE: “Liberty Global PLC (LILA) Upgraded by Zacks Investment Research to Buy” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.americanbankingnews.com/2017/10/04/liberty-global-plc-lila-upgraded-by-zacks-investment-research-to-buy.html.

Several institutional investors have recently bought and sold shares of LILA. Alken Asset Management Ltd. bought a new stake in shares of Liberty Global PLC during the second quarter valued at approximately $36,663,000. Genesis Asset Managers LLP increased its holdings in Liberty Global PLC by 11.1% during the second quarter. Genesis Asset Managers LLP now owns 8,270,705 shares of the company’s stock valued at $180,053,000 after buying an additional 823,813 shares during the period. Gruss Capital Management LP purchased a new position in Liberty Global PLC during the first quarter valued at approximately $12,159,000. Vivaldi Asset Management LLC increased its holdings in Liberty Global PLC by 589.0% during the second quarter. Vivaldi Asset Management LLC now owns 564,167 shares of the company’s stock valued at $12,282,000 after buying an additional 482,281 shares during the period. Finally, OppenheimerFunds Inc. increased its holdings in Liberty Global PLC by 62.4% during the first quarter. OppenheimerFunds Inc. now owns 878,410 shares of the company’s stock valued at $19,536,000 after buying an additional 337,650 shares during the period. 21.44% of the stock is owned by hedge funds and other institutional investors.

Liberty Global PLC Company Profile

LiLAC Group provides various broadband services over cable distribution systems, and mobile services in Chile and Puerto Rico. It offers triple-play services consisting of video, broadband Internet, and fixed-line telephony services in 34 communities within Santiago; and 42 communities outside Santiago, including Iquique, Antofagasta, Concepción, Viña del Mar, Valparaiso, and Rancagua, as well as smaller cities across Chile.

Get a free copy of the Zacks research report on Liberty Global PLC (LILA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Liberty Global PLC (NASDAQ:LILA)

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.