Liberty Global (NASDAQ:LBTYA – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.64, FiscalAI reports. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.71 billion. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.59%.
Liberty Global Price Performance
Shares of LBTYA stock traded down $0.12 during trading hours on Thursday, hitting $9.46. The stock had a trading volume of 4,990,789 shares, compared to its average volume of 2,739,476. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of -1.28 and a beta of 1.06. Liberty Global has a one year low of $7.36 and a one year high of $13.52. The stock’s 50-day moving average price is $9.26 and its two-hundred day moving average price is $10.98.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on LBTYA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 29th. UBS Group decreased their price target on Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. New Street Research upgraded Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, October 20th. Wall Street Zen upgraded Liberty Global to a “sell” rating in a research report on Saturday, October 17th. Finally, Barclays decreased their target price on Liberty Global from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 20th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.78.
Get Our Latest Stock Report on LBTYA
Insider Buying and Selling
In other news, EVP Enrique Rodriguez purchased 211,313 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was acquired at an average price of $9.45 per share, for a total transaction of $1,996,907.85. Following the acquisition, the executive vice president directly owned 602,378 shares of the company’s stock, valued at $5,692,472.10. This represents a 54.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael T. Fries acquired 110,000 shares of Liberty Global stock in a transaction on Wednesday, November 4th. The stock was purchased at an average cost of $9.37 per share, for a total transaction of $1,030,700.00. Following the purchase, the chief executive officer owned 1,238,525 shares in the company, valued at approximately $11,604,979.25. The trade was a 9.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 4.34% of the stock is currently owned by corporate insiders.
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.
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