The stock of Liberty Global plc – Class A Ordinary Shares (NASDAQ:LILA) reached all time low today, Nov, 4 and still has $19.18 target or 8.00% below today’s $20.85 share price. This indicates more downside for the $1.35B company. This technical setup was reported by Barchart.com. If the $19.18 PT is reached, the company will be worth $108.00 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 1.67M shares traded hands or 556.49% up from the average. Liberty Global plc – Class A Ordinary Shares (NASDAQ:LILA) has declined 22.46% since April 4, 2016 and is downtrending. It has underperformed by 23.55% the S&P500.
Liberty Global plc – Class A Ordinary Shares (NASDAQ:LILA) Ratings Coverage
Out of 5 analysts covering Liberty Lilac Group (NASDAQ:LILA), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Liberty Lilac Group has been the topic of 6 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Pivotal Research maintained Liberty Global plc – Class A Ordinary Shares (NASDAQ:LILA) on Friday, September 11 with “Buy” rating. As per Thursday, September 3, the company rating was maintained by Macquarie Research. The stock of Liberty Global plc – Class A Ordinary Shares (NASDAQ:LILA) earned “Equal Weight” rating by Morgan Stanley on Monday, August 3. The company was initiated on Wednesday, March 30 by Barclays Capital. The stock of Liberty Global plc – Class A Ordinary Shares (NASDAQ:LILA) earned “Equal-Weight” rating by Barclays Capital on Thursday, August 11.
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.”
More news for Liberty Global plc – Class A Ordinary Shares (NASDAQ:LILA) were recently published by: Businesswire.com, which released: “Liberty Global Announces Distribution of LiLAC Group Shares to Liberty Global …” on June 02, 2016. Businesswire.com‘s article titled: “Liberty Global Launches LiLAC Tracking Stock” and published on July 01, 2015 is yet another important article.
LILA 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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