Liberty Global (NASDAQ:LBTYA)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group in a report released on Thursday, March 15th. Jefferies Group also issued estimates for Liberty Global’s FY2018 earnings at $1.07 EPS, FY2019 earnings at $1.87 EPS and FY2020 earnings at $3.01 EPS.
A number of other research analysts have also weighed in on the stock. Citigroup dropped their price target on shares of Liberty Global from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, November 24th. BidaskClub raised shares of Liberty Global from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Pivotal Research reissued a “buy” rating and set a $44.00 price target on shares of Liberty Global in a research report on Tuesday, December 19th. Buckingham Research raised their price target on shares of Liberty Global from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, Zacks Investment Research raised shares of Liberty Global from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. Liberty Global presently has an average rating of “Buy” and a consensus price target of $41.46.
Shares of Liberty Global stock traded down $0.87 during trading hours on Thursday, reaching $31.36. The company’s stock had a trading volume of 1,422,398 shares, compared to its average volume of 1,338,546. Liberty Global has a one year low of $28.17 and a one year high of $39.73. The firm has a market capitalization of $25,378.05, a price-to-earnings ratio of -13.69, a price-to-earnings-growth ratio of 5.60 and a beta of 1.61. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 5.95.
Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.68) earnings per share for the quarter. Liberty Global had a negative net margin of 15.83% and a negative return on equity of 21.22%. The business had revenue of $3.99 billion during the quarter. research analysts forecast that Liberty Global will post 0.59 EPS for the current year.
Liberty Global announced that its Board of Directors has approved a stock repurchase program on Monday, December 18th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Hedge funds have recently made changes to their positions in the business. Americafirst Capital Management LLC purchased a new position in shares of Liberty Global in the third quarter worth about $108,000. Valeo Financial Advisors LLC purchased a new position in shares of Liberty Global in the third quarter worth about $191,000. DF Dent & Co. Inc. purchased a new position in shares of Liberty Global in the fourth quarter worth about $202,000. California State Teachers Retirement System purchased a new position in shares of Liberty Global in the second quarter worth about $203,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of Liberty Global in the third quarter worth about $207,000. 23.51% of the stock is currently owned by institutional investors and hedge funds.
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Liberty Global Company Profile
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.
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