TheStreet upgraded shares of Liberty Global (NASDAQ:LBTYA) from a d rating to a c rating in a report released on Thursday morning, TheStreetRatingsTable reports.
Several other equities analysts have also recently issued reports on LBTYA. HSBC cut shares of Liberty Global from a buy rating to a hold rating and set a $28.00 target price on the stock. in a research note on Thursday, October 17th. Benchmark lowered their target price on shares of Liberty Global from $34.00 to $32.00 and set a buy rating on the stock in a research note on Wednesday, October 23rd. Barclays cut shares of Liberty Global from an overweight rating to an equal weight rating and set a $30.00 target price on the stock. in a research note on Wednesday, September 25th. New Street Research cut shares of Liberty Global from a buy rating to a neutral rating in a research note on Thursday, August 8th. Finally, Citigroup cut shares of Liberty Global from a buy rating to a sell rating and lowered their target price for the company from $31.00 to $25.00 in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $29.36.
Liberty Global stock traded down $0.02 during mid-day trading on Thursday, reaching $24.82. 1,401,900 shares of the company traded hands, compared to its average volume of 1,999,638. The firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of -12.60 and a beta of 1.46. The firm’s 50 day moving average price is $25.00 and its 200 day moving average price is $26.15. Liberty Global has a 52-week low of $19.88 and a 52-week high of $28.62. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.39 and a quick ratio of 0.39.
Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.61. The company had revenue of $2.84 billion for the quarter. Liberty Global had a net margin of 9.11% and a negative return on equity of 26.88%. On average, sell-side analysts anticipate that Liberty Global will post -1.01 EPS for the current year.
In other news, EVP Bryan H. Hall sold 20,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $27.10, for a total transaction of $542,000.00. Following the completion of the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $4,329,604.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David E. Rapley sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $23.82, for a total transaction of $47,640.00. Following the sale, the director now directly owns 6,045 shares of the company’s stock, valued at approximately $143,991.90. The disclosure for this sale can be found here. 6.48% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LBTYA. Mycio Wealth Partners LLC purchased a new stake in shares of Liberty Global during the 2nd quarter valued at about $25,000. Coastal Investment Advisors Inc. increased its holdings in Liberty Global by 24.9% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 3,510 shares of the company’s stock worth $85,000 after acquiring an additional 700 shares in the last quarter. First Quadrant L P CA purchased a new stake in Liberty Global in the 3rd quarter worth approximately $116,000. Point72 Hong Kong Ltd increased its holdings in Liberty Global by 107.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 8,740 shares of the company’s stock worth $236,000 after acquiring an additional 4,531 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Liberty Global by 38.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,985 shares of the company’s stock worth $242,000 after acquiring an additional 2,481 shares in the last quarter. 23.14% of the stock is owned by hedge funds and other institutional investors.
About Liberty Global
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.
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