Liberty Global Rating Reiterated by Zacks (LBTYA)
Liberty Global (NASDAQ:LBTYA)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Friday, Analyst Ratings News reports. They currently have a $93.00 price target on the stock. Zacks‘ target price suggests a potential upside of 4.80% from the stock’s previous close.
Zacks‘ analyst wrote, “Liberty Global reported third-quarter 2013 financial results, where both its top and bottom line fell short of the Zacks Consensus Estimate. Liberty Global is gradually establishing a strong foothold in the European cable MSO market. We believe that the long-term business fundamentals of the company are very intriguing, primarily due to strong demand for its digital cable-TV services, faster broadband and triple-play bundled offerings. Further, Liberty Global is systematically conducting a share buy-back program. Despite being the largest global pay-TV operator, Liberty Global faces integration risks, leveraging the company. Meanwhile, the stock price has soared more than 41.9% over the last year and is currently trading at a 52-week high end. Moreover, the stock is over valued at current levels. Hence, we maintain our long-term Neutral recommendation on the stock.”
Several other analysts have also recently commented on the stock. Analysts at Buckingham Research initiated coverage on shares of Liberty Global in a research note to investors on Thursday, December 19th. They set a “buy” rating and a $100.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Liberty Global from $92.00 to $102.00 in a research note to investors on Wednesday, December 18th. They now have a “buy” rating on the stock. Finally, analysts at Pivotal Research raised their price target on shares of Liberty Global to $103.00 in a research note to investors on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $91.93.
Shares of Liberty Global (NASDAQ:LBTYA) traded down 0.28% during mid-day trading on Friday, hitting $88.49. The stock had a trading volume of 689,631 shares. Liberty Global has a 52 week low of $62.71 and a 52 week high of $89.47. The stock has a 50-day moving average of $84.35 and a 200-day moving average of $79.28. The company’s market cap is $34.963 billion.
Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Wednesday, November 6th. The company reported ($2.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $2.51. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 73.5% on a year-over-year basis. On average, analysts predict that Liberty Global will post $-2.43 earnings per share for the current fiscal year.
Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries.
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