Liberty Global plc – Class C (NASDAQ:LBTYK) Board of Directors Declares Share Buyback Plan

Liberty Global plc – Class C (NASDAQ:LBTYK) declared that its board has approved a stock buyback program, which allows the company to buyback $2.00 billion in shares on Monday, December 18th, EventVestor reports. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Shares of Liberty Global plc – Class C (NASDAQ:LBTYK) traded up $0.24 during mid-day trading on Friday, reaching $34.89. The company’s stock had a trading volume of 2,883,520 shares, compared to its average volume of 2,205,966. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.47 and a current ratio of 0.47. Liberty Global plc – Class C has a 52-week low of $27.36 and a 52-week high of $37.00. The company has a market capitalization of $28,430.50, a price-to-earnings ratio of 42.55 and a beta of 1.55.

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Liberty Global plc – Class C Company Profile

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses internationally. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, set-top boxes, and pay-per-view programming.

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