Liberty Global (NASDAQ:LILAK) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen lowered shares of Liberty Global (NASDAQ:LILAK) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

Other equities analysts also recently issued reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Wednesday, October 8th. Scotiabank lifted their price target on shares of Liberty Global from $5.10 to $8.20 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $8.20.

Liberty Global Stock Up 1.6%

LILAK stock opened at $8.94 on Friday. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -2.42 and a beta of 0.98. The company’s 50 day moving average price is $8.30 and its 200 day moving average price is $7.35. Liberty Global has a fifty-two week low of $4.23 and a fifty-two week high of $9.13. The company has a debt-to-equity ratio of 5.00, a quick ratio of 1.08 and a current ratio of 1.08.

Liberty Global (NASDAQ:LILAK) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Liberty Global had a negative return on equity of 46.60% and a negative net margin of 16.57%.The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion.

Hedge Funds Weigh In On Liberty Global

A number of institutional investors and hedge funds have recently bought and sold shares of LILAK. PNC Financial Services Group Inc. raised its stake in shares of Liberty Global by 45.2% during the second quarter. PNC Financial Services Group Inc. now owns 5,773 shares of the company’s stock valued at $36,000 after purchasing an additional 1,797 shares during the period. Legal & General Group Plc increased its stake in Liberty Global by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock worth $985,000 after buying an additional 2,533 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Liberty Global by 33.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock worth $79,000 after buying an additional 3,150 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Liberty Global by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company’s stock valued at $478,000 after buying an additional 3,234 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Liberty Global by 1.7% during the third quarter. Rhumbline Advisers now owns 205,107 shares of the company’s stock valued at $1,731,000 after acquiring an additional 3,483 shares in the last quarter. Hedge funds and other institutional investors own 52.98% of the company’s stock.

About Liberty Global

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.