Liberty Global (NASDAQ:LILAK) Trading Up 9.6% – Should You Buy?

Liberty Global PLC (NASDAQ:LILAK) shares rose 9.6% on Thursday . The company traded as high as $8.63 and last traded at $8.5850. Approximately 339,082 shares were traded during trading, a decline of 59% from the average daily volume of 825,352 shares. The stock had previously closed at $7.83.

Analysts Set New Price Targets

Several analysts recently commented on LILAK shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, January 22nd. Wall Street Zen downgraded Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Liberty Global has an average rating of “Reduce” and an average target price of $8.20.

Liberty Global Stock Performance

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. The company has a market cap of $1.71 billion, a P/E ratio of -2.33 and a beta of 0.99. The business’s 50 day simple moving average is $7.74 and its 200 day simple moving average is $8.02.

Liberty Global (NASDAQ:LILAK) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.37). The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Liberty Global had a negative return on equity of 54.11% and a negative net margin of 16.57%.

Hedge Funds Weigh In On Liberty Global

A number of hedge funds have recently made changes to their positions in LILAK. Raymond James Financial Inc. purchased a new stake in shares of Liberty Global during the second quarter worth about $30,000. PNC Financial Services Group Inc. boosted its stake in 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 during the period. State of Alaska Department of Revenue bought a new position in Liberty Global in the 3rd quarter worth approximately $50,000. Headlands Technologies LLC grew its holdings in Liberty Global by 85.9% during the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after buying an additional 3,934 shares in the last quarter. Finally, Xponance LLC purchased a new stake in Liberty Global during the 4th quarter valued at approximately $75,000. Institutional investors own 52.98% of the company’s stock.

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.