The stock of Liberty Global plc – Class C Ordinary Shares (NASDAQ:LILAK) hit a new 52-week low and has $19.08 target or 9.00% below today’s $20.97 share price. The 8 months bearish chart indicates high risk for the $3.21B company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $19.08 price target is reached, the company will be worth $288.90M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 2.57M shares traded hands or 337.56% up from the average. Liberty Global plc – Class C Ordinary Shares (NASDAQ:LILAK) has declined 28.25% since April 4, 2016 and is downtrending. It has underperformed by 29.34% the S&P500.
Liberty Global plc – Class C Ordinary Shares (NASDAQ:LILAK) Ratings Coverage
Out of 2 analysts covering Liberty LiLAC (NASDAQ:LILAK), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Liberty LiLAC has been the topic of 4 analyst reports since September 11, 2015 according to StockzIntelligence Inc. Citigroup maintained the stock with “Buy” rating in Monday, August 15 report. Citigroup initiated the shares of LILAK in a report on Thursday, May 12 with “Buy” rating. On Friday, September 11 the stock rating was maintained by Pivotal Research with “Buy”. The rating was maintained by Pivotal Research on Monday, December 7 with “Buy”.
According to Zacks Investment Research, “Liberty LiLAC Group is a cable company. The Company provides video, broadband Internet, fixed-line telephony and mobile services primarily in Europe, Chile, Puerto Rico and internationally. Liberty LiLAC Group is based in United States.”
Another recent and important Liberty Global plc – Class C Ordinary Shares (NASDAQ:LILAK) news was published by Businesswire.com which published an article titled: “Liberty Global Launches LiLAC Tracking Stock” on July 01, 2015.
LILAK Company Profile
Liberty Global plc (Liberty), incorporated on January 29, 2013, is an international cable firm with activities in 14 countries. The Firm connects people to the digital world and enables them to discover and experience its endless possibilities. The Company’s products are provided through next-generation networks and technology platforms that connect 27 million clients subscribing to 57 million television, broadband Internet and telephony services. In addition, the Company served five million mobile subscribers and offered WiFi service across six million access points. The Company’s consumer brands include Virgin Media, Ziggo, Unitymedia, Telenet, UPC, VTR, and Liberty Cablevision. The Company’s activities also include Liberty Global Business Services and Liberty Global Ventures.
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