Worth Watching: Liberty Global plc – Class C Ordinary Shares Sets All-Time Low; Strong Momentum for Sellers

Worth Watching: Liberty Global plc   Class C Ordinary Shares Sets All Time Low; Strong Momentum for Sellers

The stock of Liberty Global plc – Class C Ordinary Shares (NASDAQ:LILAK) reached all time low today, Nov, 4 and still has $19.06 target or 9.00% below today’s $20.95 share price. This indicates more downside for the $3.21 billion company. This technical setup was reported by Barchart.com. If the $19.06 PT is reached, the company will be worth $288.90M 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 2.81 million shares traded hands or 378.42% 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. As per Thursday, May 12, the company rating was initiated by Citigroup. Pivotal Research maintained the shares of LILAK in a report on Monday, December 7 with “Buy” rating. The stock has “Buy” rating given by Citigroup on Monday, August 15. The rating was maintained by Pivotal Research with “Buy” on Friday, September 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.”

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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