Shares of Liberty Global Ltd (NASDAQ:LBTYB – Get Free Report) were up 5.6% on Tuesday. The stock traded as high as $12.70 and last traded at $12.7220. Approximately 133,052 shares were traded during trading, an increase of 364% from the average session volume of 28,684 shares. The stock had previously closed at $12.05.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
View Our Latest Report on Liberty Global
Liberty Global Price Performance
Liberty Global (NASDAQ:LBTYB – Get Free Report) last issued its earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.82% and a negative net margin of 62.11%.The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.34 billion.
Hedge Funds Weigh In On Liberty Global
An institutional investor recently bought a new stake in Liberty Global stock. FNY Investment Advisers LLC purchased a new position in shares of Liberty Global Ltd (NASDAQ:LBTYB – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is currently owned by institutional investors.
About Liberty Global
Liberty Global plc is an international telecommunications and media company that owns, operates and invests in broadband, mobile, fixed-line voice and video businesses. Its consumer services generally include high-speed internet, mobile connectivity, digital television and related communications products, delivered through established regional brands.
The company’s principal activities are concentrated in Europe. Liberty Global has interests in communications businesses serving customers in the United Kingdom, the Netherlands, Belgium and Switzerland, including Virgin Media O2 in the U.K., VodafoneZiggo in the Netherlands, Telenet in Belgium and Sunrise in Switzerland.
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