Liberty Global (NASDAQ:LBTYA) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Liberty Global (NASDAQ:LBTYA) to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Other analysts also recently issued reports about the company. UBS Group dropped their price objective on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Barclays cut their target price on Liberty Global from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 18th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.22.

Liberty Global Price Performance

Liberty Global stock opened at $7.80 on Friday. Liberty Global has a 1 year low of $7.77 and a 1 year high of $13.52. The firm has a 50 day moving average price of $9.92 and a 200 day moving average price of $10.98. The company has a market cap of $2.66 billion, a price-to-earnings ratio of -0.87 and a beta of 0.99. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%. Sell-side analysts predict that Liberty Global will post -1.47 earnings per share for the current year.

Institutional Investors Weigh In On Liberty Global

Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue lifted its holdings in shares of Liberty Global by 31.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,348 shares of the company’s stock valued at $140,000 after acquiring an additional 3,668 shares in the last quarter. State Street Corp boosted its position in Liberty Global by 8.4% during the 2nd quarter. State Street Corp now owns 3,245,059 shares of the company’s stock worth $36,896,000 after purchasing an additional 251,727 shares during the period. Engineers Gate Manager LP increased its holdings in Liberty Global by 27.7% in the 2nd quarter. Engineers Gate Manager LP now owns 425,708 shares of the company’s stock valued at $4,840,000 after purchasing an additional 92,388 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in Liberty Global by 26.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 14,042 shares of the company’s stock valued at $160,000 after purchasing an additional 2,926 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in Liberty Global by 94.8% in the second quarter. Squarepoint Ops LLC now owns 349,916 shares of the company’s stock valued at $3,979,000 after purchasing an additional 170,328 shares during the period. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Global

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

The company has operations and strategic interests across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, while Liberty Global also holds significant joint-venture interests in Virgin Media O2 in the United Kingdom and VodafoneZiggo in the Netherlands.