Liberty Global Ltd (NASDAQ:LBTYA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Liberty Global Ltd (NASDAQ:LBTYA) have been assigned an average rating of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $14.3667.

A number of equities analysts have recently commented on LBTYA shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday. UBS Group decreased their target price on Liberty Global from $12.60 to $12.10 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Pivotal Research reaffirmed a “buy” rating and issued a $18.00 target price on shares of Liberty Global in a report on Monday, May 4th. Finally, Zacks Research raised Liberty Global from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th.

Insider Buying and Selling at Liberty Global

In other news, Director J David Wargo sold 55,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total value of $634,700.00. Following the sale, the director owned 53,876 shares in the company, valued at approximately $621,729.04. This trade represents a 50.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC bought a new stake in Liberty Global in the 1st quarter valued at $231,000. Bank of America Corp DE increased its holdings in shares of Liberty Global by 16.4% during the 1st quarter. Bank of America Corp DE now owns 675,086 shares of the company’s stock worth $8,162,000 after purchasing an additional 95,244 shares during the period. Amundi bought a new position in shares of Liberty Global during the 1st quarter worth about $6,196,000. California State Teachers Retirement System raised its position in shares of Liberty Global by 27.1% during the first quarter. California State Teachers Retirement System now owns 181,004 shares of the company’s stock valued at $2,188,000 after buying an additional 38,601 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Liberty Global by 48.4% during the first quarter. Royal Bank of Canada now owns 15,161 shares of the company’s stock valued at $183,000 after buying an additional 4,947 shares during the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Performance

NASDAQ:LBTYA opened at $10.88 on Thursday. The firm has a market capitalization of $3.71 billion, a PE ratio of -1.21 and a beta of 0.93. Liberty Global has a 1 year low of $9.43 and a 1 year high of $13.52. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm’s fifty day simple moving average is $11.19 and its 200 day simple moving average is $11.63.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, sell-side analysts anticipate that Liberty Global will post -1.46 EPS for the current year.

About Liberty Global

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.