Liberty Global (NASDAQ:LBTYB) Stock Price Breaks Above Fifty Day Moving Average – Time to Sell?

Liberty Global Ltd (NASDAQ:LBTYB)’s stock price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $12.08 and traded as high as $12.50. Liberty Global shares last traded at $12.15, with a volume of 9,220 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

Liberty Global Stock Performance

The firm’s fifty day moving average is $12.04 and its 200 day moving average is $13.00. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.81.

Liberty Global (NASDAQ:LBTYB) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.64. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.14%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.71 billion.

Institutional Investors Weigh In On Liberty Global

A hedge fund recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC acquired a new stake in Liberty Global Ltd (NASDAQ:LBTYB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is currently owned by institutional investors.

Liberty Global Company Profile

Liberty Global is an international telecommunications company that provides broadband internet, video, mobile and fixed-line voice services through operating businesses and joint ventures. Its consumer brands and services serve residential and business customers in several European markets. The company’s portfolio includes interests in Virgin Media O2 in the United Kingdom and VodafoneZiggo in the Netherlands, as well as operating businesses such as Telenet in Belgium. Its structure combines wholly owned businesses with partnerships alongside other telecommunications companies.