Analysts Set Liberty Global Ltd (NASDAQ:LBTYA) Target Price at $15.00

by · The Cerbat Gem

Shares of Liberty Global Ltd (NASDAQ:LBTYA – Get Free Report) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.00.

A number of brokerages have recently issued reports on LBTYA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Wednesday, October 8th. UBS Group lifted their price target on shares of Liberty Global from $11.80 to $12.60 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Zacks Research raised Liberty Global to a “hold” rating in a report on Wednesday, September 3rd. Finally, Citigroup boosted their target price on shares of Liberty Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd.

View Our Latest Stock Report on LBTYA

Liberty Global Stock Down 0.5%

Liberty Global stock opened at $11.20 on Wednesday. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of -1.84 and a beta of 1.05. Liberty Global has a twelve month low of $9.02 and a twelve month high of $13.17. The stock has a 50 day moving average of $11.03 and a two-hundred day moving average of $10.89. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Liberty Global (NASDAQ:LBTYA – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($1.72). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Liberty Global had a negative net margin of 41.44% and a negative return on equity of 14.71%. As a group, research analysts expect that Liberty Global will post -1.35 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Charles H. R. Bracken sold 33,220 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $11.18, for a total transaction of $371,399.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC increased its position in Liberty Global by 227.4% in the 3rd quarter. AQR Capital Management LLC now owns 7,672,437 shares of the company’s stock valued at $87,926,000 after acquiring an additional 5,328,998 shares during the period. Norges Bank bought a new position in Liberty Global in the 2nd quarter valued at about $37,954,000. Lancaster Investment Management increased its stake in Liberty Global by 91.5% during the 2nd quarter. Lancaster Investment Management now owns 4,506,798 shares of the company’s stock valued at $45,113,000 after buying an additional 2,152,798 shares during the period. Rubric Capital Management LP raised its position in shares of Liberty Global by 36.2% during the 3rd quarter. Rubric Capital Management LP now owns 7,750,367 shares of the company’s stock worth $88,819,000 after buying an additional 2,058,142 shares in the last quarter. Finally, Covalis Capital LLP bought a new position in shares of Liberty Global in the second quarter valued at approximately $17,054,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Company Profile

(Get Free Report)

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.

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