Liberty Global Ltd (NASDAQ:LBTYA) Receives Average Recommendation of “Hold” from Analysts

Shares of Liberty Global Ltd (NASDAQ:LBTYA) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.2250.

A number of equities research analysts have commented on LBTYA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. UBS Group cut their price target on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Finally, Barclays reduced their price objective on shares of Liberty Global from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 18th.

Liberty Global Stock Performance

Shares of LBTYA stock opened at $10.29 on Friday. The company has a market cap of $3.51 billion, a price-to-earnings ratio of -1.15 and a beta of 0.93. The stock has a 50 day simple moving average of $10.53 and a 200-day simple moving average of $11.45. Liberty Global has a 12-month low of $9.43 and a 12-month high of $13.52. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.34 billion. On average, equities analysts forecast that Liberty Global will post -1.54 EPS for the current year.

Institutional Investors Weigh In On Liberty Global

A number of hedge funds and other institutional investors have recently modified their holdings of LBTYA. Norges Bank purchased a new position in Liberty Global during the fourth quarter worth $42,238,000. ACR Alpine Capital Research LLC lifted its position in shares of Liberty Global by 9.7% in the first quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock valued at $285,866,000 after acquiring an additional 2,097,847 shares in the last quarter. Rubric Capital Management LP boosted its stake in shares of Liberty Global by 17.3% during the first quarter. Rubric Capital Management LP now owns 11,752,855 shares of the company’s stock valued at $142,092,000 after acquiring an additional 1,734,423 shares during the last quarter. Clearline Capital LP boosted its stake in shares of Liberty Global by 501.2% during the fourth quarter. Clearline Capital LP now owns 1,080,073 shares of the company’s stock valued at $12,032,000 after acquiring an additional 900,419 shares during the last quarter. Finally, Contour Asset Management LLC increased its position in Liberty Global by 19.8% during the 4th quarter. Contour Asset Management LLC now owns 5,183,133 shares of the company’s stock worth $57,740,000 after purchasing an additional 857,244 shares in the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and investment company focused on broadband, mobile, video, and fixed-line communications services. Through its operating businesses and strategic investments, the company provides connectivity, television, and digital services to consumers and businesses.

Liberty Global has interests in telecommunications operations across Europe. Its portfolio has included Virgin Media O2 in the United Kingdom, a joint venture with Telefónica; Telenet in Belgium; and Sunrise in Switzerland.