Liberty Global (NASDAQ:LBTYA) has been given a $37.00 target price by stock analysts at Bank of America in a report issued on Friday. The firm presently has a “hold” rating on the stock. Bank of America’s price objective indicates a potential upside of 47.29% from the stock’s current price.
Several other analysts have also recently issued reports on LBTYA. Zacks Investment Research upgraded Liberty Global from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. BidaskClub upgraded Liberty Global from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. HSBC set a $35.00 price objective on Liberty Global and gave the company a “buy” rating in a research note on Thursday, October 18th. UBS Group upgraded Liberty Global from a “neutral” rating to a “buy” rating and cut their price objective for the company from $37.00 to $33.50 in a research note on Friday, August 24th. Finally, Pivotal Research restated a “buy” rating and set a $35.00 price objective on shares of Liberty Global in a research note on Tuesday, September 11th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $37.50.
Shares of NASDAQ LBTYA opened at $25.12 on Friday. Liberty Global has a 52-week low of $23.17 and a 52-week high of $39.73. The company has a market cap of $20.48 billion, a price-to-earnings ratio of -10.97 and a beta of 1.59. The company has a debt-to-equity ratio of 5.98, a quick ratio of 0.36 and a current ratio of 0.36.
Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings data on Wednesday, November 7th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.83). Liberty Global had a negative net margin of 11.46% and a negative return on equity of 27.88%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.94 billion. As a group, equities research analysts predict that Liberty Global will post -0.31 EPS for the current fiscal year.
In other news, CFO Charles H. R. Bracken sold 46,054 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $27.27, for a total transaction of $1,255,892.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.93% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Raffles Associates LP acquired a new stake in shares of Liberty Global during the 2nd quarter worth approximately $413,000. Macquarie Group Ltd. increased its position in Liberty Global by 20.5% in the 2nd quarter. Macquarie Group Ltd. now owns 1,223,866 shares of the company’s stock valued at $33,705,000 after acquiring an additional 208,107 shares during the period. ARGA Investment Management LP increased its position in Liberty Global by 5.9% in the 3rd quarter. ARGA Investment Management LP now owns 74,725 shares of the company’s stock valued at $2,162,000 after acquiring an additional 4,175 shares during the period. Valeo Financial Advisors LLC increased its position in Liberty Global by 282.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 24,508 shares of the company’s stock valued at $675,000 after acquiring an additional 18,100 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Liberty Global by 2.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 509,306 shares of the company’s stock valued at $14,027,000 after acquiring an additional 11,394 shares during the period. Institutional investors and hedge funds own 21.87% of the company’s stock.
Liberty Global 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 in Europe. 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, and set-top boxes.
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