TheStreet cut shares of Liberty Global (NASDAQ:LBTYA) from a c rating to a d rating in a research report report published on Thursday.
LBTYA has been the topic of several other research reports. BidaskClub lowered Liberty Global from a hold rating to a sell rating in a research note on Thursday, October 4th. HSBC set a $35.00 target price on Liberty Global and gave the company a buy rating in a research note on Thursday, October 18th. UBS Group upgraded Liberty Global from a neutral rating to a buy rating and cut their target price for the company from $37.00 to $33.50 in a research note on Friday, August 24th. Zacks Investment Research upgraded Liberty Global from a hold rating to a buy rating and set a $32.00 target price on the stock in a research note on Monday, October 1st. Finally, Macquarie lowered Liberty Global from an outperform rating to a neutral rating in a research note on Wednesday, July 11th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $37.50.
LBTYA traded down $0.40 on Thursday, hitting $25.12. The company had a trading volume of 2,084,287 shares, compared to its average volume of 2,112,118. Liberty Global has a 12-month low of $23.17 and a 12-month high of $39.73. The company has a debt-to-equity ratio of 5.98, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $20.48 billion, a PE ratio of -10.97 and a beta of 1.59.
Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Wednesday, November 7th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.83). Liberty Global had a negative net margin of 11.46% and a negative return on equity of 27.88%. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.94 billion. As a group, sell-side analysts expect that Liberty Global will post -0.31 EPS for the current year.
In other news, CFO Charles H. R. Bracken sold 46,054 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $27.27, for a total transaction of $1,255,892.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.93% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of Liberty Global by 6.7% during the second quarter. PNC Financial Services Group Inc. now owns 30,884 shares of the company’s stock worth $851,000 after acquiring an additional 1,947 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Liberty Global by 9.9% during the third quarter. Toronto Dominion Bank now owns 21,669 shares of the company’s stock worth $627,000 after acquiring an additional 1,960 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in shares of Liberty Global by 1.6% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 131,965 shares of the company’s stock worth $3,634,000 after acquiring an additional 2,084 shares during the last quarter. Quantitative Systematic Strategies LLC grew its stake in shares of Liberty Global by 27.4% during the second quarter. Quantitative Systematic Strategies LLC now owns 10,200 shares of the company’s stock worth $281,000 after acquiring an additional 2,192 shares during the last quarter. Finally, First Mercantile Trust Co. grew its stake in shares of Liberty Global by 12.7% during the second quarter. First Mercantile Trust Co. now owns 20,266 shares of the company’s stock worth $558,000 after acquiring an additional 2,280 shares during the last quarter. Institutional investors and hedge funds own 21.87% of the company’s stock.
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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