Liberty Global (LBTYA) Lowered to Sell at BidaskClub

BidaskClub cut shares of Liberty Global (NASDAQ:LBTYA) from a hold rating to a sell rating in a report released on Friday morning.

A number of other analysts have also recently issued reports on LBTYA. UBS Group upgraded shares of Liberty Global from a neutral rating to a buy rating and cut their target price for the stock from $37.00 to $33.50 in a research note on Friday, August 24th. Pivotal Research restated a buy rating and set a $35.00 target price on shares of Liberty Global in a research note on Tuesday, September 11th. Zacks Investment Research upgraded shares of Liberty Global from a hold rating to a buy rating and set a $32.00 target price for the company in a research note on Monday, October 1st. HSBC set a $35.00 target price on shares of Liberty Global and gave the stock a buy rating in a research note on Thursday, October 18th. Finally, Bank of America set a $37.00 target price on shares of Liberty Global and gave the stock a hold rating in a research note on Friday, November 9th. Five research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $37.50.

Shares of LBTYA opened at $23.73 on Friday. Liberty Global has a one year low of $22.21 and a one year high of $39.73. The stock has a market capitalization of $18.17 billion, a PE ratio of -10.36 and a beta of 1.55. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 5.45.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Wednesday, November 7th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.83). The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.94 billion. Liberty Global had a negative return on equity of 36.93% and a negative net margin of 2.06%. On average, research analysts forecast that Liberty Global will post -0.32 earnings per share for the current fiscal year.

In other Liberty Global news, CFO Charles H. R. Bracken sold 46,054 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $27.27, for a total value of $1,255,892.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.93% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in LBTYA. BNP Paribas Arbitrage SA grew its holdings in shares of Liberty Global by 50.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 58,834 shares of the company’s stock valued at $1,620,000 after purchasing an additional 19,696 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Liberty Global during the 2nd quarter valued at approximately $540,000. First Trust Advisors LP grew its holdings in shares of Liberty Global by 12.4% during the 2nd quarter. First Trust Advisors LP now owns 121,795 shares of the company’s stock valued at $3,354,000 after purchasing an additional 13,453 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Liberty Global by 18.8% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 30,557 shares of the company’s stock valued at $842,000 after purchasing an additional 4,825 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Liberty Global by 72.9% during the 2nd quarter. KBC Group NV now owns 268,641 shares of the company’s stock valued at $7,398,000 after purchasing an additional 113,244 shares during the last quarter. 23.81% of the stock is currently owned by institutional investors.

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.

Further Reading: What are Institutional Investors?

Analyst Recommendations for Liberty Global (NASDAQ:LBTYA)

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