Liberty Global (NASDAQ:LILAK) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Liberty Global (NASDAQ:LILAK) from a buy rating to a hold rating in a research note published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $8.20.

Liberty Global Stock Up 3.2%

NASDAQ LILAK opened at $8.08 on Friday. Liberty Global has a 1 year low of $4.23 and a 1 year high of $9.13. The stock has a market capitalization of $1.62 billion, a PE ratio of -2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50-day moving average is $7.84 and its 200 day moving average is $7.96.

Liberty Global (NASDAQ:LILAK) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative return on equity of 54.11% and a negative net margin of 16.57%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in Liberty Global in the second quarter worth about $30,000. PNC Financial Services Group Inc. boosted its position in shares of Liberty Global by 45.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,773 shares of the company’s stock worth $36,000 after purchasing an additional 1,797 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Liberty Global in the 3rd quarter worth approximately $50,000. Headlands Technologies LLC grew its stake in shares of Liberty Global by 85.9% in the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after buying an additional 3,934 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in Liberty Global during the 2nd quarter valued at approximately $66,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Company Profile

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.