Liberty Global Ltd (NASDAQ:LBTYA) Given Consensus Recommendation of “Hold” by Brokerages

Liberty Global Ltd (NASDAQ:LBTYA) has been assigned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $13.2250.

LBTYA has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. UBS Group reduced their price objective on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Finally, Barclays decreased their price objective on Liberty Global from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Tuesday, August 18th.

Liberty Global Stock Down 0.2%

Shares of NASDAQ:LBTYA opened at $9.97 on Friday. Liberty Global has a 52 week low of $9.43 and a 52 week high of $13.52. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $3.40 billion, a PE ratio of -1.11 and a beta of 0.93. The company has a 50 day moving average price of $10.48 and a two-hundred day moving average price of $11.39.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion. Analysts forecast that Liberty Global will post -1.54 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its stake in Liberty Global by 8.4% in the second quarter. State Street Corp now owns 3,245,059 shares of the company’s stock valued at $36,896,000 after purchasing an additional 251,727 shares in the last quarter. Engineers Gate Manager LP grew its stake in shares of Liberty Global by 27.7% in the second quarter. Engineers Gate Manager LP now owns 425,708 shares of the company’s stock valued at $4,840,000 after buying an additional 92,388 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Liberty Global by 26.3% in the second quarter. Integrated Wealth Concepts LLC now owns 14,042 shares of the company’s stock valued at $160,000 after buying an additional 2,926 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Liberty Global by 94.8% during the second quarter. Squarepoint Ops LLC now owns 349,916 shares of the company’s stock worth $3,979,000 after buying an additional 170,328 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Liberty Global by 42.1% during the second quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock worth $52,000 after buying an additional 1,360 shares during the last quarter. Institutional investors own 37.20% of the company’s stock.

About Liberty Global

Liberty Global plc is an international telecommunications and investment company focused on broadband, mobile, video, and fixed-line communications services. Through its operating businesses and strategic investments, the company provides connectivity, television, and digital services to consumers and businesses.

Liberty Global has interests in telecommunications operations across Europe. Its portfolio has included Virgin Media O2 in the United Kingdom, a joint venture with Telefónica; Telenet in Belgium; and Sunrise in Switzerland.