Liberty Global (NASDAQ:LBTYA) received a $35.00 price target from equities research analysts at HSBC in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. HSBC’s price objective indicates a potential upside of 34.87% from the company’s current price.
A number of other equities research analysts also recently issued reports on the company. BidaskClub downgraded Liberty Global from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Zacks Investment Research raised Liberty Global from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Monday, October 1st. Pivotal Research reissued a “buy” rating and set a $35.00 price target on shares of Liberty Global in a research report on Tuesday, September 11th. UBS Group raised Liberty Global from a “neutral” rating to a “buy” rating and lowered their price target for the company from $37.00 to $33.50 in a research report on Friday, August 24th. Finally, Macquarie downgraded Liberty Global from an “outperform” rating to a “neutral” rating in a research report on Wednesday, July 11th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $37.95.
Shares of NASDAQ:LBTYA traded down $0.36 during midday trading on Thursday, reaching $25.95. The company’s stock had a trading volume of 236,793 shares, compared to its average volume of 1,896,240. The company has a market cap of $22.27 billion, a P/E ratio of -11.33, a P/E/G ratio of 37.29 and a beta of 1.54. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 5.98. Liberty Global has a 1 year low of $24.47 and a 1 year high of $39.73.
Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.68. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $4.06 billion. Liberty Global had a negative return on equity of 27.88% and a negative net margin of 11.46%. Sell-side analysts expect that Liberty Global will post 0.08 earnings per share for the current fiscal year.
In other Liberty Global news, CFO Charles H. R. Bracken sold 46,054 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $27.27, for a total transaction of $1,255,892.58. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.93% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of LBTYA. Wallace Capital Management Inc. acquired a new position in shares of Liberty Global in the second quarter worth about $26,302,000. FMR LLC lifted its stake in shares of Liberty Global by 9.0% in the second quarter. FMR LLC now owns 5,234,821 shares of the company’s stock worth $144,168,000 after acquiring an additional 431,286 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Liberty Global by 520.0% in the second quarter. Bank of America Corp DE now owns 202,439 shares of the company’s stock worth $5,575,000 after acquiring an additional 250,636 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Liberty Global by 38.3% in the second quarter. Canada Pension Plan Investment Board now owns 837,427 shares of the company’s stock worth $23,063,000 after acquiring an additional 231,962 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its stake in shares of Liberty Global by 20.5% in the second quarter. Macquarie Group Ltd. now owns 1,223,866 shares of the company’s stock worth $33,705,000 after acquiring an additional 208,107 shares in the last quarter. 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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