Liberty Global plc – Class A Price Target Increased to $56.00 by Analysts at Evercore Partners (LBTYA)
Evercore Partners upped their price target on shares of Liberty Global plc – Class A (NASDAQ:LBTYA) to $56.00 in a research note issued on Friday. The firm currently has an “overweight” rating on the stock. Evercore Partners’ price target suggests a potential upside of 23.62% from the stock’s previous close.
A number of other analysts have also recently weighed in on LBTYA. Analysts at Bank of America downgraded shares of Liberty Global plc – Class A from a “buy” rating to a “neutral” rating in a research note on Thursday. Separately, analysts at Goldman Sachs raised their price target on shares of Liberty Global plc – Class A from $56.00 to $65.00 in a research note on Wednesday. Finally, analysts at Pivotal Research raised their price target on shares of Liberty Global plc – Class A from $51.00 to $53.00 in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $72.82.
Liberty Global plc – Class A (NASDAQ:LBTYA) opened at 45.30 on Friday. Liberty Global plc – Class A has a 52 week low of $35.1712 and a 52 week high of $46.464. The stock has a 50-day moving average of $42.02 and a 200-day moving average of $42.69. The company’s market cap is $35.604 billion. Liberty Global plc – Class A also was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 20,320,208 shares, a growth of 17.6% from the April 30th total of 17,275,850 shares. Currently, 9.3% of the shares of the stock are short sold. Based on an average trading volume of 4,045,056 shares, the short-interest ratio is currently 5.0 days.
Liberty Global plc – Class A (NASDAQ:LBTYA) last announced its earnings results on Tuesday, May 6th. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.11) by $0.42. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.55 billion. The company’s quarterly revenue was up 69.7% on a year-over-year basis. Analysts expect that Liberty Global plc – Class A will post $0.45 EPS 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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