Liberty Global (NASDAQ:LBTYA) Releases Earnings Results, Beats Expectations By $1.64 EPS

Liberty Global (NASDAQ:LBTYA) announced its quarterly earnings results on Tuesday. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $1.64, FiscalAI reports. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

Liberty Global Stock Up 5.5%

Liberty Global stock traded up $0.45 during mid-day trading on Tuesday, reaching $8.57. The stock had a trading volume of 656,443 shares, compared to its average volume of 2,638,878. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of -0.96 and a beta of 1.06. The company has a 50-day moving average price of $9.33 and a two-hundred day moving average price of $10.99. Liberty Global has a one year low of $7.36 and a one year high of $13.52. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Analyst Upgrades and Downgrades

LBTYA has been the topic of several research reports. Barclays cut their price objective on Liberty Global from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 20th. UBS Group decreased their target price on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday. New Street Research upgraded Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, October 20th. Finally, Wall Street Zen upgraded Liberty Global to a “sell” rating in a research report on Saturday, October 17th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Liberty Global presently has a consensus rating of “Hold” and an average target price of $12.78.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.