Liberty Global (NASDAQ:LBTYA) Issues Earnings Results, Beats Estimates By $1.64 EPS

Liberty Global (NASDAQ:LBTYA) posted its quarterly earnings results on Tuesday. The company reported $1.32 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.64, FiscalAI reports. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.71 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

Liberty Global Stock Up 10.3%

Shares of LBTYA stock traded up $0.88 during trading hours on Wednesday, reaching $9.39. 3,795,747 shares of the stock were exchanged, compared to its average volume of 2,682,654. The business’s fifty day moving average is $9.29 and its two-hundred day moving average is $10.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. Liberty Global has a 12-month low of $7.36 and a 12-month high of $13.52. The firm has a market capitalization of $3.20 billion, a P/E ratio of -1.04 and a beta of 1.06.

Analyst Upgrades and Downgrades

A number of research firms have commented on LBTYA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, October 29th. New Street Research upgraded Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, October 20th. Wall Street Zen upgraded Liberty Global to a “sell” rating in a research report on Saturday, October 17th. UBS Group cut their price target on 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 Liberty Global from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.78.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.