TheStreet upgraded shares of Liberty Global (NASDAQ:LBTYK) from a d rating to a c- rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.
Several other brokerages have also weighed in on LBTYK. Evercore ISI reissued a buy rating and issued a $33.00 price objective on shares of Liberty Global in a report on Thursday, August 8th. BidaskClub raised Liberty Global from a hold rating to a buy rating in a report on Tuesday, September 17th.
Liberty Global stock traded down $0.02 during midday trading on Thursday, reaching $23.45. The stock had a trading volume of 1,643,900 shares, compared to its average volume of 3,442,300. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.39 and a quick ratio of 0.39. Liberty Global has a twelve month low of $19.24 and a twelve month high of $27.84. The stock’s 50-day simple moving average is $23.92 and its 200 day simple moving average is $25.42.
Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.50) earnings per share for the quarter. The firm had revenue of $2.85 billion during the quarter. Liberty Global had a net margin of 9.11% and a negative return on equity of 26.88%.
Several large investors have recently bought and sold shares of the company. Baupost Group LLC MA grew its holdings in shares of Liberty Global by 7.3% during the second quarter. Baupost Group LLC MA now owns 41,937,674 shares of the company’s stock valued at $1,112,606,000 after purchasing an additional 2,844,679 shares during the last quarter. Boston Partners boosted its position in shares of Liberty Global by 0.8% during the second quarter. Boston Partners now owns 11,938,634 shares of the company’s stock worth $316,670,000 after buying an additional 97,571 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Liberty Global by 32.4% during the second quarter. Russell Investments Group Ltd. now owns 2,294,192 shares of the company’s stock worth $60,784,000 after buying an additional 561,151 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Liberty Global by 7.2% during the second quarter. UBS Asset Management Americas Inc. now owns 1,859,812 shares of the company’s stock worth $49,341,000 after buying an additional 124,427 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Liberty Global by 8.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,489,824 shares of the company’s stock worth $39,526,000 after buying an additional 119,904 shares during the period. 58.55% of the stock is owned by institutional investors.
About Liberty Global
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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