Barclays Lowers Liberty Global (NASDAQ:LBTYA) Price Target to $12.00

Liberty Global (NASDAQ:LBTYA) had its target price decreased by Barclays from $20.00 to $12.00 in a report published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other analysts have also issued reports on the company. Citigroup assumed coverage on Liberty Global in a research note on Friday, August 9th. They issued a “buy” rating and a $25.00 price target on the stock. UBS Group lowered Liberty Global from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $13.00 in a research note on Monday, November 18th. Benchmark reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Liberty Global in a research note on Tuesday, October 29th. Finally, Bank of America raised Liberty Global from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $15.50 to $21.30 in a research note on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Liberty Global presently has a consensus rating of “Hold” and an average target price of $21.76.

Liberty Global Stock Up 1.7 %

Shares of NASDAQ:LBTYA opened at $13.99 on Monday. The stock’s 50-day moving average price is $18.88 and its two-hundred day moving average price is $18.53. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. Liberty Global has a 12-month low of $10.93 and a 12-month high of $21.56. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of -1.38 and a beta of 1.18.

Hedge Funds Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in Liberty Global during the 3rd quarter worth approximately $6,155,000. Geode Capital Management LLC increased its holdings in Liberty Global by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,262,910 shares of the company’s stock worth $47,778,000 after purchasing an additional 141,749 shares during the last quarter. Barclays PLC increased its holdings in Liberty Global by 153.2% during the 3rd quarter. Barclays PLC now owns 496,045 shares of the company’s stock worth $10,471,000 after purchasing an additional 300,126 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Liberty Global during the 3rd quarter worth approximately $1,272,000. Finally, XTX Topco Ltd purchased a new stake in Liberty Global during the 3rd quarter worth approximately $633,000. 37.20% of the stock is owned by institutional investors and hedge funds.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.