Liberty Global (NASDAQ:LBTYB) Stock Breaks Above Fifty Day Moving Average – Here’s Why

Liberty Global Ltd (NASDAQ:LBTYB) crossed 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.

Analysts Set New Price Targets

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

Liberty Global Price Performance

The company’s 50-day simple moving average is $12.08 and its 200 day simple moving average is $12.99. The company has a market cap of $4.14 billion, a PE ratio of -1.64 and a beta of 0.50. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.84 and a current ratio of 0.84.

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

Institutional Investors Weigh In On Liberty Global

A hedge fund recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC purchased a new stake in Liberty Global Ltd (NASDAQ:LBTYB) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,252 shares of the company’s stock, valued at approximately $68,000. Institutional investors and hedge funds own 0.47% of the company’s stock.

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.