Liberty Global plc – Class A (LBTYA) – Investment Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Liberty Global plc – Class A (NASDAQ: LBTYA) recently:

  • 2/7/2018 – Liberty Global plc – Class A had its price target raised by analysts at Pivotal Research from $44.00 to $46.00. They now have a “buy” rating on the stock.
  • 2/6/2018 – Liberty Global plc – Class A had its price target raised by analysts at Citigroup Inc from $37.00 to $46.00. They now have a “buy” rating on the stock.
  • 2/5/2018 – Liberty Global plc – Class A had its price target raised by analysts at Buckingham Research from $44.00 to $50.00. They now have a “buy” rating on the stock.
  • 1/22/2018 – Liberty Global plc – Class A was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Liberty Global continues to grow in the Europe and Central America through several mergers and acquisitions and is looking for more takeover options to expand its footprint. Launch of Telenet Innovation Center will help the company create and test new products focused on new mobile technologies. Liberty Global launched a new customer-friendly app, Connect App. The launch of DOCSIS 3.1 network services, joint venture with Vodafone in Netherlands, buyout of UTV Ireland TV stations from ITV, takeover of Cable & Wireless bode well for the company's growth. Over the past three months, the stock price moved up 18.6% as against the industry's gain of 8.7%. On the other hand, Liberty Global’s predominant operation in Europe remains a major concern. Further, stiff competition in the video, broadband, fixed-line telephony and mobile services business, foreign exchange rate risks and integration risks are major risks. “
  • 1/17/2018 – Liberty Global plc – Class A was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $38.00 price target on the stock.
  • 1/2/2018 – Liberty Global plc – Class A was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Liberty Global’s predominant operation in Europe remains a major concern. Further, stiff competition in the video, broadband, fixed-line telephony and mobile services business, foreign exchange rate risks and integration risks are major risks. On the other hand, Liberty Global continues to grow in the Europe and Central America through several mergers and acquisitions and is looking for more takeover options to expand its footprint. Launch of Telenet Innovation Center will help the company create and test new products focused on new mobile technologies. Liberty Global launched a new customer-friendly app, Connect App. The launch of DOCSIS 3.1 network services, joint venture with Vodafone in Netherlands, buyout of UTV Ireland TV stations from ITV, takeover of Cable & Wireless bode well for the company's growth. Over the past three months, the stock price moved up 7.9% as against the industry's loss of 1.6%.”
  • 12/20/2017 – Liberty Global plc – Class A was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/19/2017 – Liberty Global plc – Class A had its “buy” rating reaffirmed by analysts at Pivotal Research. They now have a $44.00 price target on the stock. They wrote, “We are tweaking our estimates for updated currencies and to better model the U.K. tax hit that will run through EBITDA (30M pounds in ’17 growing to 120M pounds by ’20). We left our 4Q forecasts unchanged (+239K RGU’s, +3% rebased revenue growth and +6% rebased EBITDA growth). Our ’18 EBITDA forecast is now directly in-line with consensus at $7.5B (~2% lower than our previous forecast). The model changes drove no change to our $44 YE’18 target price, which recall is based on a DCF (8X ’21 terminal EBITDA, 9% discount rate) and a 9X ’18 EV/’18 EBITDA multiple (including the NPV of LGI’s NOL vs. 7.9X currently. Recall, in 4Q, LGI should demonstrate acceleration in ARPU specifically in the U.K. which should help alleviate concerns with their ability to raise ARPU in that market (which recall spooked investors in 1H’17). Management is also materially re-accelerating the growth U.K. Project Lightning households.””

Liberty Global plc – Class A (NASDAQ:LBTYA) traded up $0.02 during mid-day trading on Monday, hitting $35.12. 2,268,200 shares of the stock traded hands, compared to its average volume of 2,290,458. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.47 and a current ratio of 0.47. Liberty Global plc – Class A has a twelve month low of $28.17 and a twelve month high of $39.73. The stock has a market cap of $28,816.13, a price-to-earnings ratio of 42.83 and a beta of 1.57.

In related news, CFO Charles H. R. Bracken sold 14,525 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $21.11, for a total transaction of $306,622.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David E. Rapley sold 6,750 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $33.82, for a total transaction of $228,285.00. Following the transaction, the director now owns 8,045 shares of the company’s stock, valued at approximately $272,081.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,911 shares of company stock worth $3,887,646. Corporate insiders own 5.81% of the company’s stock.

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.

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