Liberty Global (NASDAQ: LBTYA)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Thursday, Stock Ratings Network.com reports. They currently have a $78.00 price target on the stock.
Zacks‘ analyst wrote, “We reiterate our long-term Neutral recommendation on Liberty Global. The company’s fourth quarter of 2012 financial results easily surpassed the Zacks Consensus Estimates. In the reported quarter, Liberty Global added 465,000 organic revenue generating units, reflecting an annualized growth of 22%. The company is gradually establishing a strong foothold in the European cable MSO market. We believe that the long-term business fundamental of the company is very intriguing, primarily due to strong demand for its digital cable-TV services, faster broadband and triple-play bundled offerings. The company is systematically conducting a share buyback program. However, business integration risk persists as Liberty Global has decided to acquire several companies either partially or fully. Moreover, the stock has soared 66% in the last year, which may restrict above market gain anytime soon. “
A number of other firms have also recently commented on LBTYA. Analysts at TheStreet reiterated a “hold” rating on shares of Liberty Global in a research note to investors on Wednesday. Separately, analysts at Wunderlich raised their price target on shares of Liberty Global from $75.00 to $84.00 in a research note to investors on Tuesday, March 26th. They now have a “buy” rating on the stock.
Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Liberty Global has an average rating of “Buy” and a consensus target price of $76.86.
Shares of Liberty Global (NASDAQ: LBTYA) traded down 0.70% during mid-day trading on Thursday, hitting $73.90. Liberty Global has a one year low of $44.87 and a one year high of $75.63. The stock’s 50-day moving average is currently $69.32. The company has a market cap of $18.977 billion and a P/E ratio of 61.61.
Liberty Global (NASDAQ: LBTYA) last issued its quarterly earnings data on Wednesday, February 13th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $1.43. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the company posted ($1.58) earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts predict that Liberty Global will post $1.71 earnings per share for the current fiscal year.
Liberty Global, Inc. (NASDAQ: LBTYA) is an international provider of video, voice and broadband Internet services, with consolidated broadband communications and/or direct-to-home (DTH) satellite operations.
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