Barclays Has Lowered Expectations for Liberty Global (NASDAQ:LBTYA) Stock Price

Liberty Global (NASDAQ:LBTYA) had its price target decreased by research analysts at Barclays from $20.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential downside of 9.91% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $15.50 to $21.30 in a research report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a research note on Tuesday, October 29th. Citigroup started coverage on Liberty Global in a research note on Friday, August 9th. They set a “buy” rating and a $25.00 target price for the company. Finally, UBS Group lowered shares of 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 report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Liberty Global presently has an average rating of “Hold” and a consensus target price of $21.76.

Liberty Global Stock Performance

LBTYA stock opened at $13.32 on Monday. Liberty Global has a 1 year low of $10.93 and a 1 year high of $21.56. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of -1.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The stock’s fifty day moving average is $19.41 and its two-hundred day moving average is $18.64.

Institutional Trading of Liberty Global

A number of hedge funds have recently modified their holdings of the business. ING Groep NV purchased a new stake in Liberty Global in the 3rd quarter worth approximately $12,953,000. Scientech Research LLC purchased a new stake in shares of Liberty Global during the second quarter worth $1,390,000. Amalgamated Bank acquired a new stake in Liberty Global during the second quarter valued at $480,000. Algert Global LLC purchased a new position in Liberty Global in the second quarter valued at about $624,000. Finally, First Foundation Advisors acquired a new position in Liberty Global in the 2nd quarter worth about $763,000. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Company Profile

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.