Liberty Global (NASDAQ:LBTYA) Price Target Cut to $7.00 by Analysts at Barclays

Liberty Global (NASDAQ:LBTYA) had its price target decreased by investment analysts at Barclays from $10.00 to $7.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 6.67% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. 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 reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. Wall Street Zen raised shares of Liberty Global to a “sell” rating in a report on Saturday. Finally, New Street Research upgraded shares of Liberty Global to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday. 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.78.

Liberty Global Price Performance

Shares of NASDAQ LBTYA opened at $7.50 on Tuesday. The company has a market capitalization of $2.56 billion, a PE ratio of -0.84 and a beta of 0.99. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock’s 50 day moving average price is $9.86 and its 200-day moving average price is $10.94. Liberty Global has a twelve month low of $7.48 and a twelve month high of $13.52.

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

Institutional Trading of Liberty Global

Several hedge funds and other institutional investors have recently modified their holdings of the business. ACR Alpine Capital Research LLC lifted its holdings in shares of Liberty Global by 9.7% in the first quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock worth $285,866,000 after buying an additional 2,097,847 shares in the last quarter. Rubric Capital Management LP grew its stake in Liberty Global by 17.3% during the first quarter. Rubric Capital Management LP now owns 11,752,855 shares of the company’s stock valued at $142,092,000 after acquiring an additional 1,734,423 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Liberty Global by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company’s stock valued at $106,782,000 after acquiring an additional 521,750 shares in the last quarter. State Street Corp increased its holdings 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 acquiring an additional 251,727 shares during the period. Finally, First Wilshire Securities Management Inc. increased its holdings in Liberty Global by 1.5% during the 1st quarter. First Wilshire Securities Management Inc. now owns 2,341,419 shares of the company’s stock worth $28,308,000 after acquiring an additional 34,019 shares during the period. Institutional investors own 37.20% of the company’s stock.

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.