Liberty Global plc – Class A Sees Large Increase in Short Interest (LBTYA)
Shares of Liberty Global plc – Class A (NASDAQ:LBTYA) were the target of a large growth in short interest during the month of 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, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 4,045,056 shares, the days-to-cover ratio is presently 5.0 days. Approximately 9.3% of the company’s stock are sold short.
LBTYA has been the subject of a number of recent research reports. Analysts at Evercore Partners raised their price target on shares of Liberty Global plc – Class A to $56.00 in a research note on Friday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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, May 28th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Liberty Global plc – Class A presently has a consensus rating of “Buy” and an average target price of $72.82.
Shares of Liberty Global plc – Class A (NASDAQ:LBTYA) opened at 45.02 on Monday. Liberty Global plc – Class A has a one year low of $35.1712 and a one year high of $46.464. The stock has a 50-day moving average of $42.10 and a 200-day moving average of $42.7. The company’s market cap is $35.384 billion.
Liberty Global plc – Class A (NASDAQ:LBTYA) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.53) earnings per share for the quarter, missing the analysts’ 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. Liberty Global plc – Class A’s revenue was up 69.7% compared to the same quarter last year. 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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