Wunderlich Lowers Liberty Global plc – Class A (LBTYA) Price Target to $60.00
Liberty Global plc – Class A (NASDAQ:LBTYA) had its price target lowered by analysts at Wunderlich from $65.00 to $60.00 in a note issued to investors on Monday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Wunderlich’s price target indicates a potential upside of 74.88% from the company’s previous close.
Shares of Liberty Global plc – Class A (NASDAQ:LBTYA) traded down 1.07% during mid-day trading on Monday, hitting $34.31. The stock had a trading volume of 3,466,240 shares. The firm’s market capitalization is $29.52 billion. Liberty Global plc – Class A has a 1-year low of $31.63 and a 1-year high of $58.66. The stock’s 50-day moving average is $37.95 and its 200 day moving average is $45.02.
Liberty Global plc – Class A (NASDAQ:LBTYA) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. Equities research analysts predict that Liberty Global plc – Class A will post ($0.78) EPS for the current fiscal year.
In other Liberty Global plc – Class A news, CFO Charles H. R. Bracken sold 20,564 shares of the company’s stock in a transaction dated Wednesday, November 18th. The shares were sold at an average price of $41.60, for a total value of $855,462.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John C. Malone sold 66,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $43.00, for a total transaction of $2,838,000.00. Following the completion of the sale, the director now owns 4,268,195 shares in the company, valued at approximately $183,532,385. The disclosure for this sale can be found here.
A number of other analysts also recently issued reports on the stock. Morgan Stanley downgraded shares of Liberty Global plc – Class A from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $56.00 to $43.00 in a report on Monday, January 11th. RBC Capital reissued a “buy” rating on shares of Liberty Global plc – Class A in a research note on Saturday, October 17th. Jefferies Group reissued a “buy” rating and issued a $59.00 price target (down from $69.00) on shares of Liberty Global plc – Class A in a research note on Friday, October 23rd. Barclays lowered their price target on shares of Liberty Global plc – Class A from $57.00 to $55.00 in a research note on Thursday, October 15th. Finally, Zacks Investment Research raised shares of Liberty Global plc – Class A from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. Liberty Global plc – Class A has a consensus rating of “Buy” and a consensus target price of $54.00.
A number of large investors have made changes to their positions in LBTYA. MAI Capital Management boosted its stake in shares of Liberty Global plc – Class A by 0.4% in the fourth quarter. MAI Capital Management now owns 9,195 shares of the company’s stock worth $390,000 after buying an additional 40 shares during the period. Capital One National Association boosted its stake in shares of Liberty Global plc – Class A by 13.3% in the fourth quarter. Capital One National Association now owns 10,493 shares of the company’s stock worth $444,000 after buying an additional 1,231 shares during the period. Deltec Asset Management LLC boosted its stake in shares of Liberty Global plc – Class A by 20.5% in the fourth quarter. Deltec Asset Management LLC now owns 42,550 shares of the company’s stock worth $1,802,000 after buying an additional 7,250 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Liberty Global plc – Class A by 56.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 93,080 shares of the company’s stock worth $3,764,000 after buying an additional 33,490 shares during the period. Finally, Accident Compensation Corp acquired a new stake in shares of Liberty Global plc – Class A during the fourth quarter worth $5,825,000.
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. The Company’s consumer brands include Virgin Media, UPC, Unitymedia, Kabel BW, Telenet and VTR. The Company’s operations also include Chellomedia, the Company’s content division, Liberty Global Business Services, a commercial division and Liberty Global Ventures, its investment fund. In June 2013, Liberty Global Inc completed the acquisition of Virgin Media Inc (NASDAQ:LBTYA).
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