Barclays downgraded shares of Liberty Global (NASDAQ:LBTYA) from an equal weight rating to an underweight rating in a research note released on Monday, 24/7 WallStreet reports. Barclays currently has $21.00 price target on the stock.
Other research analysts have also issued reports about the stock. HSBC lowered shares of Liberty Global from a buy rating to a hold rating and set a $28.00 price target on the stock. in a research report on Thursday, October 17th. Zacks Investment Research raised shares of Liberty Global from a hold rating to a buy rating and set a $26.00 price target on the stock in a research report on Monday, November 11th. TheStreet raised shares of Liberty Global from a d rating to a c rating in a research report on Thursday, November 7th. BidaskClub raised shares of Liberty Global from a sell rating to a hold rating in a research report on Thursday, September 5th. Finally, Benchmark dropped their price target on shares of Liberty Global from $34.00 to $32.00 and set a buy rating on the stock in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $27.81.
Shares of LBTYA traded up $0.23 during trading hours on Monday, reaching $22.82. 1,607,219 shares of the stock traded hands, compared to its average volume of 2,001,563. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.80. The stock has a fifty day simple moving average of $24.64 and a 200 day simple moving average of $25.99. Liberty Global has a 52 week low of $19.88 and a 52 week high of $28.62. The company has a market cap of $14.32 billion, a price-to-earnings ratio of -11.58 and a beta of 1.46.
Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.61. Liberty Global had a net margin of 112.38% and a negative return on equity of 1.75%. The company had revenue of $2.84 billion for the quarter. Analysts predict that Liberty Global will post -1.04 earnings per share for the current fiscal year.
In other Liberty Global news, EVP Bryan H. Hall sold 20,000 shares of Liberty Global stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $27.10, for a total value of $542,000.00. Following the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at $4,329,604.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David E. Rapley sold 2,000 shares of Liberty Global stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $23.82, for a total transaction of $47,640.00. Following the completion of the sale, the director now directly owns 6,045 shares in the company, valued at approximately $143,991.90. The disclosure for this sale can be found here. Insiders own 6.48% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Baupost Group LLC MA increased its stake in shares of Liberty Global by 50.1% in the second quarter. Baupost Group LLC MA now owns 7,440,705 shares of the company’s stock worth $200,825,000 after purchasing an additional 2,483,500 shares in the last quarter. Invesco Ltd. increased its stake in shares of Liberty Global by 2.1% in the second quarter. Invesco Ltd. now owns 5,147,849 shares of the company’s stock worth $138,940,000 after purchasing an additional 103,458 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Liberty Global by 0.8% in the second quarter. Vanguard Group Inc. now owns 3,500,370 shares of the company’s stock worth $94,475,000 after purchasing an additional 28,027 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Liberty Global by 7.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,970,040 shares of the company’s stock worth $53,171,000 after purchasing an additional 141,800 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Liberty Global by 20.2% in the second quarter. Renaissance Technologies LLC now owns 1,227,987 shares of the company’s stock worth $33,143,000 after purchasing an additional 206,700 shares in the last quarter. Hedge funds and other institutional investors own 21.93% of the company’s stock.
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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