Liberty Global Ltd (NASDAQ:LBTYA) Receives $16.15 Average PT from Brokerages

Liberty Global Ltd (NASDAQ:LBTYA) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $16.15.

A number of equities research analysts have recently issued reports on the company. Pivotal Research restated a “buy” rating and issued a $18.00 price target on shares of Liberty Global in a research report on Monday, May 4th. Weiss Ratings lowered Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, UBS Group upped their price target on Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a research report on Tuesday, March 31st.

Liberty Global Price Performance

LBTYA stock opened at $11.87 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day simple moving average of $12.10 and a 200-day simple moving average of $11.55. The firm has a market capitalization of $4.01 billion, a PE ratio of -0.74 and a beta of 0.90. Liberty Global has a 1 year low of $9.44 and a 1 year high of $13.52.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $1.31. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%. Equities research analysts anticipate that Liberty Global will post -1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in Liberty Global in the third quarter worth approximately $27,000. EverSource Wealth Advisors LLC grew its position in Liberty Global by 79.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after acquiring an additional 1,238 shares during the period. Rothschild Investment LLC grew its position in Liberty Global by 207.4% in the third quarter. Rothschild Investment LLC now owns 2,982 shares of the company’s stock worth $34,000 after acquiring an additional 2,012 shares during the period. Allworth Financial LP purchased a new position in Liberty Global in the third quarter worth approximately $42,000. Finally, MAI Capital Management grew its position in Liberty Global by 27.5% in the third quarter. MAI Capital Management now owns 4,559 shares of the company’s stock worth $52,000 after acquiring an additional 983 shares during the period. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Global

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.