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

Liberty Global Ltd (NASDAQ:LBTYA) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.50 and traded as high as $12.37. Liberty Global shares last traded at $12.15, with a volume of 1,306,403 shares changing hands.

Analysts Set New Price Targets

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

Liberty Global Trading Down 1.0%

The business’s 50-day moving average price is $12.26 and its two-hundred day moving average price is $11.50. The company has a market capitalization of $4.07 billion, a P/E ratio of -0.76 and a beta of 0.90. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.08.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly 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. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. As a group, analysts forecast that Liberty Global Ltd will post -1.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Liberty Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. ACR Alpine Capital Research LLC raised its holdings in shares of Liberty Global by 9.7% during the first quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock worth $285,866,000 after acquiring an additional 2,097,847 shares during the period. AQR Capital Management LLC raised its holdings in shares of Liberty Global by 75.0% during the fourth quarter. AQR Capital Management LLC now owns 13,423,957 shares of the company’s stock worth $149,543,000 after acquiring an additional 5,751,520 shares during the period. Rubric Capital Management LP raised its holdings in shares of Liberty Global by 29.3% during the fourth quarter. Rubric Capital Management LP now owns 10,018,432 shares of the company’s stock worth $111,605,000 after acquiring an additional 2,268,065 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Liberty Global by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company’s stock worth $106,782,000 after acquiring an additional 521,750 shares during the period. Finally, Oaktree Capital Management LP raised its holdings in shares of Liberty Global by 4.1% during the third quarter. Oaktree Capital Management LP now owns 8,551,191 shares of the company’s stock worth $97,997,000 after acquiring an additional 339,000 shares during the period. 37.20% of the stock is owned by institutional investors.

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.