Liberty Global (NASDAQ:LBTYA) Price Target Lowered to $10.60 at UBS Group

Liberty Global (NASDAQ:LBTYA) had its price target dropped by investment analysts at UBS Group from $13.00 to $10.60 in a research note issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 15.03% from the company’s current price.

LBTYA has been the topic of several other reports. Barclays set a $11.00 target price on shares of Liberty Global and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Sanford C. Bernstein cut shares of Liberty Global from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $24.70 to $12.40 in a research report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.94.

Liberty Global Stock Performance

Shares of LBTYA stock traded down $0.04 during trading hours on Monday, reaching $9.22. 1,372,568 shares of the company traded hands, compared to its average volume of 2,074,496. The firm has a 50-day moving average price of $10.88 and a 200 day moving average price of $12.51. The company has a market cap of $3.18 billion, a P/E ratio of 2.20 and a beta of 1.23. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.19. Liberty Global has a 12-month low of $9.14 and a 12-month high of $21.56.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.83) by ($3.01). Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.09 billion. As a group, sell-side analysts predict that Liberty Global will post -1.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC raised its holdings in Liberty Global by 153.2% in the 3rd quarter. Barclays PLC now owns 496,045 shares of the company’s stock worth $10,471,000 after purchasing an additional 300,126 shares during the period. Accurate Wealth Management LLC increased its holdings in Liberty Global by 142.2% in the 4th quarter. Accurate Wealth Management LLC now owns 29,888 shares of the company’s stock worth $355,000 after acquiring an additional 17,546 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in Liberty Global during the fourth quarter worth $443,000. SG Americas Securities LLC lifted its holdings in Liberty Global by 197.3% during the fourth quarter. SG Americas Securities LLC now owns 26,744 shares of the company’s stock valued at $341,000 after purchasing an additional 17,749 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Liberty Global in the fourth quarter valued at about $2,137,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.