Liberty Global Ltd (NASDAQ:LBTYA) Receives $13.22 Average Price Target from Brokerages

Liberty Global Ltd (NASDAQ:LBTYA) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $13.2250.

A number of research analysts have weighed in on LBTYA shares. UBS Group reduced their target price on Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. Pivotal Research restated a “buy” rating and set a $18.00 price target on shares of Liberty Global in a research report on Monday, May 4th. Finally, Barclays reduced their price target on Liberty Global from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 18th.

Insider Activity at Liberty Global

In other news, Director J David Wargo sold 55,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total value of $634,700.00. Following the sale, the director directly owned 53,876 shares of the company’s stock, valued at $621,729.04. This represents a 50.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

Several hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of Liberty Global by 75.0% during the fourth quarter. AQR Capital Management LLC now owns 13,423,957 shares of the company’s stock valued at $149,543,000 after purchasing an additional 5,751,520 shares in the last quarter. Norges Bank purchased a new stake in shares of Liberty Global in the 4th quarter worth approximately $42,238,000. Rubric Capital Management LP increased its position in Liberty Global by 29.3% during the 4th quarter. Rubric Capital Management LP now owns 10,018,432 shares of the company’s stock valued at $111,605,000 after buying an additional 2,268,065 shares in the last quarter. ACR Alpine Capital Research LLC raised its stake in Liberty Global by 9.7% during the first quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock valued at $285,866,000 after buying an additional 2,097,847 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in Liberty Global by 1,003.7% during the second quarter. California State Teachers Retirement System now owns 1,997,800 shares of the company’s stock valued at $22,715,000 after buying an additional 1,816,796 shares during the last quarter. Institutional investors own 37.20% of the company’s stock.

Liberty Global Trading Up 1.2%

NASDAQ:LBTYA opened at $10.67 on Monday. The company has a 50-day moving average price of $10.68 and a 200-day moving average price of $11.60. Liberty Global has a 12 month low of $9.43 and a 12 month high of $13.52. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of -1.19 and a beta of 0.94.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Equities analysts predict that Liberty Global will post -1.54 EPS for the current year.

Liberty Global Company Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.