Liberty Global (NASDAQ:LBTYA) Posts Earnings Results

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

Liberty Global Stock Up 2.3 %

Shares of NASDAQ LBTYA traded up $0.37 during trading hours on Thursday, hitting $16.64. The company had a trading volume of 2,925,376 shares, compared to its average volume of 1,605,004. The stock has a market capitalization of $6.28 billion, a P/E ratio of -1.77 and a beta of 1.16. Liberty Global has a 1-year low of $15.01 and a 1-year high of $20.56. The firm’s 50 day moving average is $16.96 and its 200-day moving average is $17.19. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79.

Insiders Place Their Bets

In other Liberty Global news, CAO Jason Waldron sold 11,226 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total transaction of $216,549.54. Following the transaction, the chief accounting officer now owns 70,666 shares of the company’s stock, valued at $1,363,147.14. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Liberty Global news, EVP Bryan H. Hall sold 25,000 shares of Liberty Global stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $18.24, for a total value of $456,000.00. Following the transaction, the executive vice president now owns 144,934 shares in the company, valued at $2,643,596.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jason Waldron sold 11,226 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total transaction of $216,549.54. Following the completion of the sale, the chief accounting officer now owns 70,666 shares in the company, valued at $1,363,147.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,629 shares of company stock valued at $2,046,783. 11.51% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LBTYA shares. TheStreet upgraded Liberty Global from a “d+” rating to a “c-” rating in a research report on Thursday, January 25th. Citigroup raised Liberty Global from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $24.00 in a report on Friday, February 9th. HSBC cut Liberty Global from a “buy” rating to a “hold” rating and decreased their target price for the stock from $26.00 to $20.00 in a report on Monday, March 18th. New Street Research reissued a “neutral” rating on shares of Liberty Global in a report on Wednesday, February 28th. Finally, UBS Group lowered their price target on shares of Liberty Global from $23.00 to $22.50 and set a “buy” rating for the company in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.75.

About Liberty Global

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.