Liberty Global (NASDAQ:LILAK) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Liberty Global (NASDAQ:LILAK) from a hold rating to a buy rating in a report released on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $8.20.

Liberty Global Stock Performance

NASDAQ:LILAK opened at $8.52 on Friday. The company has a market cap of $1.70 billion, a PE ratio of -2.78 and a beta of 0.84. The business’s 50 day moving average is $8.04 and its two-hundred day moving average is $8.06. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. Liberty Global has a 52 week low of $4.23 and a 52 week high of $9.13.

Liberty Global (NASDAQ:LILAK) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.37). The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.10 billion. Liberty Global had a negative net margin of 13.76% and a negative return on equity of 48.22%.

Insider Activity at Liberty Global

In other Liberty Global news, CAO Brian D. Zook sold 94,494 shares of Liberty Global stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.04, for a total value of $759,731.76. Following the transaction, the chief accounting officer owned 6,813 shares in the company, valued at approximately $54,776.52. The trade was a 93.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.66% of the stock is owned by insiders.

Hedge Funds Weigh In On Liberty Global

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Liberty Global during the 2nd quarter worth about $30,000. State of Alaska Department of Revenue bought a new stake in shares of Liberty Global in the 3rd quarter valued at approximately $50,000. Headlands Technologies LLC grew its stake in shares of Liberty Global by 85.9% in the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after buying an additional 3,934 shares in the last quarter. Xponance LLC acquired a new position in Liberty Global in the fourth quarter worth approximately $75,000. Finally, Diversified Trust Co. acquired a new position in Liberty Global in the fourth quarter worth approximately $78,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

About Liberty Global

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.