Liberty Global PLC (LILAK) Lifted to “Hold” at HSBC Holdings plc

Liberty Global PLC (NASDAQ:LILAK) was upgraded by analysts at HSBC Holdings plc to a “hold” rating in a research note issued to investors on Monday. The firm currently has a $23.00 price target on the stock. HSBC Holdings plc’s target price would suggest a potential upside of 5.60% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. BidaskClub downgraded shares of Liberty Global PLC from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Macquarie downgraded shares of Liberty Global PLC from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 27th. Finally, upgraded shares of Liberty Global PLC from a “reduce” rating to a “hold” rating and set a $23.00 price target for the company in a report on Monday.

Shares of Liberty Global PLC (LILAK) traded down $0.44 on Monday, reaching $21.78. 594,900 shares of the company’s stock were exchanged, compared to its average volume of 823,892. Liberty Global PLC has a one year low of $19.40 and a one year high of $27.82.

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Several hedge funds and other institutional investors have recently modified their holdings of LILAK. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Liberty Global PLC by 63.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 7,301 shares of the company’s stock worth $156,000 after buying an additional 2,841 shares in the last quarter. Opera Trading Capital purchased a new stake in shares of Liberty Global PLC during the second quarter worth about $172,000. Cibc World Markets Corp purchased a new stake in shares of Liberty Global PLC during the second quarter worth about $192,000. Quantbot Technologies LP purchased a new stake in shares of Liberty Global PLC during the second quarter worth about $202,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Liberty Global PLC during the second quarter worth about $208,000. Institutional investors and hedge funds own 54.33% of the company’s stock.

Liberty Global PLC Company Profile

LiLAC Group provides various broadband services over cable distribution systems, and mobile services in Chile and Puerto Rico. It offers triple-play services consisting of video, broadband Internet, and fixed-line telephony services in 34 communities within Santiago; and 42 communities outside Santiago, including Iquique, Antofagasta, Concepción, Viña del Mar, Valparaiso, and Rancagua, as well as smaller cities across Chile.

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