Liberty Global (NASDAQ:LBTYA) Sets New 52-Week Low – Here’s What Happened

Shares of Liberty Global Ltd (NASDAQ:LBTYA) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $9.23 and last traded at $9.26, with a volume of 4274919 shares trading hands. The stock had previously closed at $9.43.

Analyst Upgrades and Downgrades

Several research firms recently commented on LBTYA. Barclays dropped their target price on Liberty Global from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 18th. UBS Group decreased their price target on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Liberty Global currently has a consensus rating of “Hold” and an average target price of $13.22.

Liberty Global Stock Down 2.3%

The business’s fifty day simple moving average is $10.32 and its two-hundred day simple moving average is $11.24. The company has a market cap of $3.04 billion, a PE ratio of -0.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results 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 return on equity of 28.83% and a negative net margin of 62.12%.The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.34 billion. On average, analysts predict that Liberty Global Ltd will post -1.54 earnings per share for the current year.

Institutional Trading of Liberty Global

Several institutional investors have recently bought and sold shares of the business. Allworth Financial LP raised its stake in shares of Liberty Global by 42.1% during the 2nd 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 period. PNC Financial Services Group Inc. grew its stake in Liberty Global by 54.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company’s stock valued at $74,000 after acquiring an additional 2,137 shares during the period. Trust Co. of Vermont purchased a new stake in Liberty Global in the 2nd quarter worth $76,000. Integrated Wealth Concepts LLC raised its position in Liberty Global by 26.3% during the second quarter. Integrated Wealth Concepts LLC now owns 14,042 shares of the company’s stock worth $160,000 after acquiring an additional 2,926 shares during the period. Finally, Royal Bank of Canada raised its position in Liberty Global by 48.4% during the first quarter. Royal Bank of Canada now owns 15,161 shares of the company’s stock worth $183,000 after acquiring an additional 4,947 shares during the period. 37.20% of the stock is owned by institutional investors and hedge funds.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line voice and television businesses. Its services generally include high-speed internet, wireless connectivity, digital television, streaming and related communications products for residential and business customers.

The company has operations and strategic interests across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, while Liberty Global also holds significant joint-venture interests in Virgin Media O2 in the United Kingdom and VodafoneZiggo in the Netherlands.