Liberty Global (NASDAQ:LBTYA) Upgraded at Wall Street Zen

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

Several other analysts have also commented on the company. Barclays dropped their target price on Liberty Global from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 18th. UBS Group reduced their price target on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.22.

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Liberty Global Price Performance

NASDAQ LBTYA opened at $7.50 on Friday. The company has a fifty day moving average of $9.86 and a 200 day moving average of $10.94. Liberty Global has a 1 year low of $7.48 and a 1 year high of $13.52. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28.

Liberty Global (NASDAQ:LBTYA – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%. On average, research analysts anticipate that Liberty Global will post -1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Liberty Global

Several hedge funds have recently modified their holdings of LBTYA. ACR Alpine Capital Research LLC increased its holdings in Liberty Global by 9.7% in the 1st quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock worth $285,866,000 after acquiring an additional 2,097,847 shares in the last quarter. Rubric Capital Management LP raised its position in Liberty Global by 17.3% during the first quarter. Rubric Capital Management LP now owns 11,752,855 shares of the company’s stock worth $142,092,000 after acquiring an additional 1,734,423 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Liberty Global by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company’s stock valued at $106,782,000 after purchasing an additional 521,750 shares in the last quarter. State Street Corp lifted its holdings in Liberty Global by 8.4% during the second quarter. State Street Corp now owns 3,245,059 shares of the company’s stock valued at $36,896,000 after purchasing an additional 251,727 shares in the last quarter. Finally, First Wilshire Securities Management Inc. lifted its holdings in Liberty Global by 1.5% during the first quarter. First Wilshire Securities Management Inc. now owns 2,341,419 shares of the company’s stock valued at $28,308,000 after purchasing an additional 34,019 shares in the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Company Profile

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Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line voice and television businesses. Its services generally include high-speed internet, wireless connectivity, digital television, streaming and related communications products for residential and business customers.

The company has operations and strategic interests across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, while Liberty Global also holds significant joint-venture interests in Virgin Media O2 in the United Kingdom and VodafoneZiggo in the Netherlands.

Further Reading

Analyst Recommendations for Liberty Global (NASDAQ:LBTYA)

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