Liberty Global PLC (LILA) Downgraded to Hold at Zacks Investment Research
Liberty Global PLC (NASDAQ:LILA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.
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. “
LILA has been the topic of several other research reports. Barclays PLC lifted their target price on Liberty Global PLC from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, September 1st. Morgan Stanley cut Liberty Global PLC from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $22.00 to $26.00 in a research note on Thursday, August 10th. Macquarie cut Liberty Global PLC from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $35.00 to $25.00 in a research note on Wednesday, September 27th. Buckingham Research started coverage on Liberty Global PLC in a research note on Friday, September 29th. They issued a “buy” rating and a $30.00 price target for the company. Finally, Royal Bank Of Canada cut Liberty Global PLC from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $30.00 to $28.50 in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $30.31.
Shares of Liberty Global PLC (NASDAQ LILA) traded down 0.67% on Thursday, hitting $25.36. 298,140 shares of the stock traded hands. The company’s 50 day moving average is $24.55 and its 200 day moving average is $24.55. Liberty Global PLC has a one year low of $19.10 and a one year high of $28.18. The stock’s market cap is $4.35 billion.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. Hosking Partners LLP lifted its holdings in Liberty Global PLC by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 388,058 shares of the company’s stock worth $8,448,000 after purchasing an additional 6,255 shares during the last quarter. Chilton Investment Co. LLC lifted its holdings in Liberty Global PLC by 82.0% in the 2nd quarter. Chilton Investment Co. LLC now owns 467,108 shares of the company’s stock worth $10,169,000 after purchasing an additional 210,514 shares during the last quarter. Vivaldi Asset Management LLC lifted its holdings in Liberty Global PLC by 589.0% in the 2nd quarter. Vivaldi Asset Management LLC now owns 564,167 shares of the company’s stock worth $12,282,000 after purchasing an additional 482,281 shares during the last quarter. RMB Capital Management LLC acquired a new stake in Liberty Global PLC in the 1st quarter worth approximately $4,981,000. Finally, Marshall Wace North America L.P. acquired a new stake in Liberty Global PLC in the 2nd quarter worth approximately $616,000. Hedge funds and other institutional investors own 21.44% of the company’s stock.
About Liberty Global PLC
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.
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