Liberty Global (NASDAQ:LBTYA) Releases Quarterly Earnings Results

Liberty Global (NASDAQ:LBTYA) released its quarterly earnings data on Wednesday. The company reported $1.32 earnings per share for the quarter, Zacks reports. Liberty Global had a negative net margin of 54.08% and a negative return on equity of 19.26%. The firm had revenue of $1.95 billion for the quarter. During the same quarter in the prior year, the company posted ($1.59) EPS.

Liberty Global Trading Up 2.3 %

Liberty Global stock traded up $0.37 during trading hours on Thursday, reaching $16.64. 2,925,376 shares of the company’s stock traded hands, compared to its average volume of 1,605,004. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of -1.77 and a beta of 1.16. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30. Liberty Global has a fifty-two week low of $15.01 and a fifty-two week high of $20.56. The firm’s 50 day moving average is $16.96 and its 200-day moving average is $17.19.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LBTYA shares. Benchmark reiterated a “buy” rating and issued a $33.00 target price on shares of Liberty Global in a research note on Thursday. Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating in a report on Friday, February 23rd. UBS Group cut their target price on shares of Liberty Global from $23.00 to $22.50 and set a “buy” rating for the company in a research note on Monday, February 26th. HSBC lowered shares of Liberty Global from a “buy” rating to a “hold” rating and lowered their price target for the company from $26.00 to $20.00 in a report on Monday, March 18th. Finally, Barclays raised their price objective on shares of Liberty Global from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Liberty Global has a consensus rating of “Hold” and a consensus price target of $24.75.

Insider Transactions at Liberty Global

In other news, EVP Andrea Salvato sold 32,403 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $17.70, for a total value of $573,533.10. Following the transaction, the executive vice president now directly owns 102,286 shares in the company, valued at approximately $1,810,462.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Liberty Global news, EVP Andrea Salvato sold 32,403 shares of Liberty Global stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $17.70, for a total value of $573,533.10. Following the sale, the executive vice president now owns 102,286 shares of the company’s stock, valued at approximately $1,810,462.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jason Waldron sold 11,226 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total value of $216,549.54. Following the sale, the chief accounting officer now owns 70,666 shares in the company, valued at approximately $1,363,147.14. The disclosure for this sale can be found here. Insiders sold a total of 113,629 shares of company stock worth $2,046,783 in the last quarter. 11.51% of the stock is owned by company insiders.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.