Jefferies Group LLC Increases Liberty Global plc – Class A (LBTYA) Price Target to $43.00

Liberty Global plc – Class A (NASDAQ:LBTYA) had its target price upped by stock analysts at Jefferies Group LLC from $42.00 to $43.00 in a research note issued to investors on Thursday, May 4th. The brokerage presently has a “buy” rating on the stock. Jefferies Group LLC’s price target points to a potential upside of 43.57% from the stock’s current price.

Other analysts have also issued research reports about the stock. Citigroup Inc raised their price target on shares of Liberty Global plc – Class A from $38.00 to $40.00 and gave the company a “buy” rating in a report on Monday, March 6th. Zacks Investment Research raised shares of Liberty Global plc – Class A from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, January 10th. Macquarie reissued a “buy” rating and issued a $42.00 price target on shares of Liberty Global plc – Class A in a report on Sunday, February 19th. Morgan Stanley initiated coverage on shares of Liberty Global plc – Class A in a report on Monday, January 23rd. They set an “equal weight” rating and a $39.00 target price for the company. Finally, Pivotal Research lifted their target price on shares of Liberty Global plc – Class A from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, January 27th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.54.

Analyst Recommendations for Liberty Global plc - Class A (NASDAQ:LBTYA)

Liberty Global plc – Class A (NASDAQ:LBTYA) traded up 1.44% on Thursday, hitting $30.38. The stock had a trading volume of 3,574,586 shares. Liberty Global plc – Class A has a 12-month low of $26.16 and a 12-month high of $37.69. The company’s 50 day moving average is $33.75 and its 200 day moving average is $33.70. The firm has a market cap of $31.28 billion, a PE ratio of 18.27 and a beta of 1.67.

Liberty Global plc – Class A (NASDAQ:LBTYA) last posted its quarterly earnings data on Thursday, February 16th. The company reported $2.45 earnings per share for the quarter. The company had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.26 billion. Liberty Global plc – Class A had a negative net margin of 3.26% and a negative return on equity of 4.86%. On average, equities research analysts expect that Liberty Global plc – Class A will post ($0.09) EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio raised its position in Liberty Global plc – Class A by 9.4% in the third quarter. Strs Ohio now owns 39,881 shares of the company’s stock valued at $1,363,000 after buying an additional 3,428 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Liberty Global plc – Class A by 2.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 40,761 shares of the company’s stock worth $1,393,000 after buying an additional 1,031 shares during the period. Beck Mack & Oliver LLC raised its position in shares of Liberty Global plc – Class A by 16.7% in the third quarter. Beck Mack & Oliver LLC now owns 1,024,443 shares of the company’s stock worth $35,015,000 after buying an additional 146,822 shares during the period. S&CO Inc. raised its position in shares of Liberty Global plc – Class A by 6.9% in the third quarter. S&CO Inc. now owns 109,936 shares of the company’s stock worth $3,758,000 after buying an additional 7,075 shares during the period. Finally, Manning & Napier Advisors LLC raised its position in shares of Liberty Global plc – Class A by 2.8% in the third quarter. Manning & Napier Advisors LLC now owns 12,892,453 shares of the company’s stock worth $440,663,000 after buying an additional 345,871 shares during the period. Institutional investors own 22.93% of the company’s stock.

Liberty Global plc – Class A Company Profile

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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