Liberty Global Ltd (NASDAQ:LBTYB – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $11.65, but opened at $12.96. Liberty Global shares last traded at $12.17, with a volume of 2,507 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings lowered shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Global currently has an average rating of “Sell”.
Read Our Latest Research Report on Liberty Global
Liberty Global Price Performance
Liberty Global (NASDAQ:LBTYB – Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $1.31. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion.
Hedge Funds Weigh In On Liberty Global
A hedge fund recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC bought a new position in Liberty Global Ltd (NASDAQ:LBTYB – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is currently owned by institutional investors and hedge funds.
About Liberty Global
Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.
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