Benchmark Reiterates Buy Rating for Liberty Global (NASDAQ:LBTYA)

Benchmark reiterated their buy rating on shares of Liberty Global (NASDAQ:LBTYA) in a report issued on Tuesday morning, Benzinga reports. They currently have a $27.00 price objective on the stock.

A number of other research analysts have also weighed in on LBTYA. Citigroup assumed coverage on shares of Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their target price on Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $15.50 to $21.30 in a report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Liberty Global has an average rating of “Moderate Buy” and an average target price of $24.26.

Liberty Global Trading Up 3.5 %

Shares of Liberty Global stock opened at $20.51 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $20.44 and a 200 day simple moving average of $18.63. Liberty Global has a 12-month low of $15.29 and a 12-month high of $21.56. The company has a market capitalization of $7.50 billion, a P/E ratio of -2.02 and a beta of 1.17.

Hedge Funds Weigh In On Liberty Global

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in shares of Liberty Global by 63.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after purchasing an additional 601 shares in the last quarter. Blue Trust Inc. increased its position in shares of Liberty Global by 110.3% during the third quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock valued at $39,000 after buying an additional 975 shares during the period. nVerses Capital LLC purchased a new stake in shares of Liberty Global in the second quarter worth about $75,000. Central Pacific Bank Trust Division bought a new position in shares of Liberty Global in the first quarter valued at approximately $91,000. Finally, Whittier Trust Co. grew its stake in Liberty Global by 21,707.3% during the second quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock valued at $156,000 after acquiring an additional 8,900 shares in the last quarter. 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.