Liberty Global (NASDAQ:LBTYA) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Liberty Global (NASDAQ:LBTYA – Free Report) from a sell rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

LBTYA has been the subject of several other reports. New Street Research upgraded shares of Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, October 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, October 29th. Barclays lowered their price objective on Liberty Global from $10.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 20th. Finally, UBS Group decreased their price target on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.78.

Get Our Latest Research Report on Liberty Global

Liberty Global Trading Up 2.0%

Shares of NASDAQ:LBTYA opened at $9.90 on Friday. The company has a market capitalization of $3.38 billion, a PE ratio of -1.34 and a beta of 1.06. The company has a current ratio of 0.84, a quick ratio of 1.28 and a debt-to-equity ratio of 1.81. Liberty Global has a 12-month low of $7.36 and a 12-month high of $13.52. The business’s fifty day simple moving average is $9.23 and its 200-day simple moving average is $10.97.

Liberty Global (NASDAQ:LBTYA – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.64. Liberty Global had a negative return on equity of 25.14% and a negative net margin of 44.40%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.71 billion. As a group, equities research analysts predict that Liberty Global will post -1.47 earnings per share for the current fiscal year.

Insider Activity at Liberty Global

In related news, EVP Enrique Rodriguez bought 211,313 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was purchased 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 owned 602,378 shares of the company’s stock, valued at approximately $5,692,472.10. This trade represents a 54.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael T. Fries bought 110,000 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was purchased at an average cost of $9.37 per share, with a total value of $1,030,700.00. Following the completion of the transaction, the chief executive officer owned 1,238,525 shares in the company, valued at $11,604,979.25. This represents a 9.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Diversified Trust Co purchased a new stake in Liberty Global during the 3rd quarter valued at approximately $150,000. Russell Investments Group Ltd. grew its stake in shares of Liberty Global by 17.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 34,894 shares of the company’s stock valued at $320,000 after purchasing an additional 5,144 shares during the last quarter. Simplex Trading LLC acquired a new position in shares of Liberty Global in the third quarter valued at approximately $804,000. AlphaCore Capital LLC acquired a new position in shares of Liberty Global in the third quarter valued at approximately $127,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Liberty Global during the third quarter worth approximately $105,000. 37.20% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Global

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Liberty Global (NASDAQ:LBTYA)

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