Liberty Global (LBTYA) Rating Lowered to Sell at BidaskClub

Liberty Global (LBTYA) Rating Lowered to Sell at BidaskClub

Liberty Global (NASDAQ:LBTYA) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

LBTYA has been the topic of several other research reports. HSBC set a $35.00 target price on Liberty Global and gave the company a “buy” rating in a research report on Thursday, October 18th. Zacks Investment Research cut Liberty Global from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. TheStreet cut Liberty Global from a “c” rating to a “d” rating in a research report on Thursday, November 8th. UBS Group raised Liberty Global from a “neutral” rating to a “buy” rating and dropped their target price for the company from $37.00 to $33.50 in a research report on Friday, August 24th. Finally, Bank of America set a $37.00 target price on Liberty Global and gave the company a “hold” rating in a research report on Friday, November 9th. Five research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. Liberty Global currently has an average rating of “Hold” and a consensus target price of $37.50.

Shares of NASDAQ LBTYA opened at $24.11 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 5.45. The firm has a market cap of $18.29 billion, a price-to-earnings ratio of -10.53 and a beta of 1.55. Liberty Global has a 12-month low of $22.21 and a 12-month high of $39.73.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Wednesday, November 7th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.83). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.94 billion. Liberty Global had a negative net margin of 2.06% and a negative return on equity of 36.93%. As a group, equities research analysts expect that Liberty Global will post -0.32 EPS for the current year.

In other news, CFO Charles H. R. Bracken sold 46,054 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $27.27, for a total transaction of $1,255,892.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.93% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Raffles Associates LP purchased a new position in Liberty Global in the 2nd quarter worth $413,000. ARGA Investment Management LP raised its stake in Liberty Global by 5.9% in the 3rd quarter. ARGA Investment Management LP now owns 74,725 shares of the company’s stock worth $2,162,000 after acquiring an additional 4,175 shares during the last quarter. Macquarie Group Ltd. raised its stake in Liberty Global by 20.5% in the 2nd quarter. Macquarie Group Ltd. now owns 1,223,866 shares of the company’s stock worth $33,705,000 after acquiring an additional 208,107 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in Liberty Global by 282.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 24,508 shares of the company’s stock worth $675,000 after acquiring an additional 18,100 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Liberty Global by 2.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 509,306 shares of the company’s stock worth $14,027,000 after acquiring an additional 11,394 shares during the last quarter. Institutional investors own 23.81% of the company’s stock.

Liberty Global Company Profile

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.

Read More: Hedge Funds – Risk or Reward?

Related posts

Leave a Comment