Liberty Global Ltd (NASDAQ:LBTYA) Receives Consensus Recommendation of “Hold” from Brokerages

Liberty Global Ltd (NASDAQ:LBTYA) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $13.2250.

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. UBS Group dropped their target price on Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Pivotal Research reiterated a “buy” rating and issued a $18.00 target price on shares of Liberty Global in a research note on Monday, May 4th. Zacks Research raised shares of Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Barclays dropped their price objective on shares of Liberty Global from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 18th.

Liberty Global Stock Performance

Shares of NASDAQ LBTYA opened at $10.65 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average price is $10.77 and its two-hundred day moving average price is $11.62. Liberty Global has a 52-week low of $9.43 and a 52-week high of $13.52. The stock has a market capitalization of $3.63 billion, a P/E ratio of -1.19 and a beta of 0.94.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. As a group, sell-side analysts forecast that Liberty Global will post -1.46 earnings per share for the current year.

Insider Buying and Selling

In other Liberty Global news, Director J David Wargo sold 55,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total value of $634,700.00. Following the completion of the transaction, the director owned 53,876 shares in the company, valued at approximately $621,729.04. This represents a 50.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in Liberty Global in the 2nd quarter worth approximately $405,000. Trust Co. of Vermont bought a new stake in Liberty Global during the 2nd quarter valued at $76,000. Bank of New York Mellon Corp bought a new stake in Liberty Global during the 2nd quarter valued at $3,529,000. S&CO Inc. acquired a new position in Liberty Global during the 2nd quarter worth $2,510,000. Finally, Empowered Funds LLC acquired a new position in Liberty Global during the 1st quarter worth $231,000. 37.20% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Global

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.