Liberty Global plc – Class A (LBTYA) Receives “Buy” Rating from Macquarie

Macquarie reiterated their buy rating on shares of Liberty Global plc – Class A (NASDAQ:LBTYA) in a research report report published on Tuesday. They currently have a $42.00 price target on the stock.

“We are particularly bullish on the latter once its renewed agreement with EE kicks in. Under a full MVNO, Virgin can better dictate customer terms and accelerate its quad-play penetration rates (~20% of subs). A potential deal with Telefonica highlights its numerous options. We model 1Q/’17 UK/ Ireland net adds of 96k/242k and OCF of US$669m/US$2.8bn.”,” the firm’s analyst commented.

Several other analysts have also recently issued reports on LBTYA. Societe Generale assumed coverage on Liberty Global plc – Class A in a research note on Tuesday, December 6th. They set a buy rating and a $48.00 price objective on the stock. Zacks Investment Research upgraded Liberty Global plc – Class A from a hold rating to a buy rating and set a $35.00 price objective on the stock in a research note on Tuesday, December 27th. Morgan Stanley assumed coverage on Liberty Global plc – Class A in a research note on Monday, January 23rd. They set an equal weight rating and a $39.00 price objective on the stock. Barclays PLC upped their price objective on Liberty Global plc – Class A from $39.00 to $41.00 and gave the company an overweight rating in a research note on Wednesday, January 25th. Finally, Pivotal Research upped their price objective on Liberty Global plc – Class A from $43.00 to $47.00 and gave the company a buy rating in a research note on Friday, January 27th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Liberty Global plc – Class A has an average rating of Buy and an average target price of $42.00.

Liberty Global plc – Class A (NASDAQ:LBTYA) traded up 0.17% during trading on Tuesday, reaching $34.73. The company’s stock had a trading volume of 600,201 shares. The stock has a market capitalization of $37.08 billion, a PE ratio of 20.59 and a beta of 1.67. Liberty Global plc – Class A has a 1-year low of $26.16 and a 1-year high of $37.69. The stock has a 50 day moving average price of $35.32 and a 200 day moving average price of $33.61.

Liberty Global plc – Class A (NASDAQ:LBTYA) last released its quarterly earnings results on Thursday, February 16th. The company reported $2.45 EPS for the quarter. Liberty Global plc – Class A had a negative return on equity of 4.86% and a negative net margin of 3.26%. The business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.26 billion. Analysts anticipate that Liberty Global plc – Class A will post $0.17 earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the stock. Global X Management Co. LLC increased its stake in shares of Liberty Global plc – Class A by 87.8% in the third quarter. Global X Management Co. LLC now owns 5,732 shares of the company’s stock worth $196,000 after buying an additional 2,680 shares during the period. M&R Capital Management Inc. increased its stake in shares of Liberty Global plc – Class A by 8.5% in the fourth quarter. M&R Capital Management Inc. now owns 6,950 shares of the company’s stock worth $212,000 after buying an additional 546 shares during the period. High Pointe Capital Management LLC bought a new stake in shares of Liberty Global plc – Class A during the third quarter worth approximately $216,000. Howard Hughes Medical Institute increased its stake in shares of Liberty Global plc – Class A by 1.6% in the third quarter. Howard Hughes Medical Institute now owns 7,750 shares of the company’s stock worth $265,000 after buying an additional 120 shares during the period. Finally, GLG LLC increased its stake in shares of Liberty Global plc – Class A by 6.8% in the fourth quarter. GLG LLC now owns 8,724 shares of the company’s stock worth $267,000 after buying an additional 555 shares during the period. 22.93% of the stock is owned by hedge funds and other institutional investors.

About Liberty Global plc – Class A

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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