Liberty Global Ltd (NASDAQ:LBTYA) Receives $16.15 Consensus Price Target from Brokerages

Liberty Global Ltd (NASDAQ:LBTYA) has received an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $16.15.

LBTYA has been the topic of several recent research reports. Weiss Ratings cut shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Pivotal Research reiterated a “buy” rating and issued a $18.00 price target on shares of Liberty Global in a research note on Monday, May 4th. UBS Group increased their price target on Liberty Global from $12.00 to $12.60 and gave the stock a “neutral” rating in a research report on Tuesday, March 31st. Finally, Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of Liberty Global by 16.4% in the first quarter. Bank of America Corp DE now owns 675,086 shares of the company’s stock worth $8,162,000 after purchasing an additional 95,244 shares during the period. Amundi bought a new position in shares of Liberty Global in the first quarter worth $6,196,000. California State Teachers Retirement System increased its position in shares of Liberty Global by 27.1% in the first quarter. California State Teachers Retirement System now owns 181,004 shares of the company’s stock worth $2,188,000 after purchasing an additional 38,601 shares during the period. Royal Bank of Canada increased its position in shares of Liberty Global by 48.4% in the first quarter. Royal Bank of Canada now owns 15,161 shares of the company’s stock worth $183,000 after purchasing an additional 4,947 shares during the period. Finally, Rubric Capital Management LP increased its position in shares of Liberty Global by 17.3% in the first quarter. Rubric Capital Management LP now owns 11,752,855 shares of the company’s stock worth $142,092,000 after purchasing an additional 1,734,423 shares during the period. Institutional investors own 37.20% of the company’s stock.

Liberty Global Trading Up 3.6%

LBTYA stock opened at $12.46 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.11 and a current ratio of 1.11. The company’s 50-day simple moving average is $12.08 and its 200 day simple moving average is $11.69. Liberty Global has a 52 week low of $9.45 and a 52 week high of $13.52. The company has a market capitalization of $4.21 billion, a PE ratio of -0.78 and a beta of 0.92.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of ($0.35) by $1.31. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. As a group, sell-side analysts anticipate that Liberty Global will post -1.38 earnings per share for the current year.

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.