Royal Bank Of Canada Downgrades Liberty Global PLC (LILA) to Sector Perform

Royal Bank Of Canada downgraded shares of Liberty Global PLC (NASDAQ:LILA) from an outperform rating to a sector perform rating in a report issued on Monday, July 24th. The firm currently has $28.50 target price on the stock, down from their prior target price of $30.00.

LILA has been the topic of several other reports. Zacks Investment Research cut Liberty Global PLC from a buy rating to a hold rating in a research note on Saturday, May 6th. ValuEngine raised Liberty Global PLC from a strong sell rating to a sell rating in a research note on Friday, June 2nd. Finally, Macquarie reissued a buy rating and issued a $29.00 target price on shares of Liberty Global PLC in a research note on Monday, May 8th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Liberty Global PLC has a consensus rating of Hold and an average target price of $30.50.

Shares of Liberty Global PLC (NASDAQ LILA) traded up 0.88% during mid-day trading on Monday, reaching $26.25. The company’s stock had a trading volume of 108,064 shares. Liberty Global PLC has a 52-week low of $19.10 and a 52-week high of $29.47. The firm has a 50 day moving average price of $25.29 and a 200 day moving average price of $22.94. The firm’s market cap is $4.50 billion.

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A number of hedge funds have recently bought and sold shares of the stock. Vivaldi Capital Management LLC purchased a new stake in Liberty Global PLC during the first quarter valued at $7,499,239,000. RMB Capital Management LLC purchased a new stake in Liberty Global PLC during the first quarter valued at $4,981,000. Gruss Capital Management LP acquired a new position in Liberty Global PLC during the first quarter valued at about $12,159,000. UBS Group AG raised its position in Liberty Global PLC by 144.3% in the first quarter. UBS Group AG now owns 29,832 shares of the company’s stock valued at $664,000 after buying an additional 17,620 shares during the last quarter. Finally, S&CO Inc. raised its position in Liberty Global PLC by 19.8% in the second quarter. S&CO Inc. now owns 562,498 shares of the company’s stock valued at $12,246,000 after buying an additional 93,050 shares during the last quarter. 21.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Recommendations for Liberty Global PLC (NASDAQ:LILA)

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