Liberty Global (NASDAQ:LBTYA) Stock Passes Above 200 Day Moving Average – What’s Next?

Liberty Global Ltd (NASDAQ:LBTYA) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.66 and traded as high as $11.89. Liberty Global shares last traded at $11.81, with a volume of 1,443,879 shares trading hands.

Wall Street Analysts Forecast Growth

LBTYA has been the topic of several recent research reports. Weiss Ratings lowered Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. UBS Group lifted their price objective on Liberty Global from $12.00 to $12.60 and gave the stock a “neutral” rating in a research note on Tuesday, March 31st. Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Pivotal Research reiterated a “buy” rating and issued a $18.00 price objective on shares of Liberty Global in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.15.

Liberty Global Trading Up 0.3%

The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of -0.74 and a beta of 0.92. The business has a 50-day moving average of $12.08 and a two-hundred day moving average of $11.67. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $1.31. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Research analysts predict that Liberty Global Ltd will post -1.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new position in shares of Liberty Global in the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC lifted its holdings in Liberty Global by 79.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after buying an additional 1,238 shares in the last quarter. Rothschild Investment LLC lifted its holdings in Liberty Global by 207.4% during the 3rd quarter. Rothschild Investment LLC now owns 2,982 shares of the company’s stock worth $34,000 after buying an additional 2,012 shares in the last quarter. Allworth Financial LP acquired a new position in Liberty Global during the 3rd quarter worth $42,000. Finally, Headlands Technologies LLC acquired a new position in Liberty Global during the 2nd quarter worth $47,000. 37.20% of the stock is owned by institutional investors and hedge funds.

Liberty Global Company Profile

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.