Liberty Global plc – Class A’s “Neutral” Rating Reaffirmed at Zacks (LBTYA)
Liberty Global plc – Class A (NASDAQ:LBTYA)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Thursday. They currently have a $46.00 price objective on the stock. Zacks‘s price objective points to a potential upside of 5.29% from the stock’s previous close.
Zacks’ analyst wrote, “Liberty Global reported first-quarter 2014 financial results, wherein both its top and bottom line missed the Zacks Consensus Estimate. The company 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 owing to strong demand for its digital cable-TV services, faster broadband and triple-play bundled offerings, strong cash flow and growing popularity of Horizon TV services. Based on these positives, the company posted narrower video subscriber loss in the reported quarter. However, stiff competition, saturated European markets, high integration risks and mounting programing expenses may act as headwinds for Liberty Global while moving ahead. Also, the stock is fairly valued at current levels. Hence, we affirm our long-term Neutral recommendation on the stock.”
Liberty Global plc – Class A (NASDAQ:LBTYA) traded down 0.91% during mid-day trading on Thursday, hitting $43.69. 4,324,452 shares of the company’s stock traded hands. Liberty Global plc – Class A has a 52-week low of $37.813 and a 52-week high of $46.464. The stock has a 50-day moving average of $44.22 and a 200-day moving average of $43.02. The company’s market cap is $34.339 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 (EPS) for the quarter, missing the 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 revenue for the quarter was up 69.7% on a year-over-year basis. On average, analysts predict that Liberty Global plc – Class A will post $0.52 earnings per share for the current fiscal year.
LBTYA has been the subject of a number of other 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, May 30th. 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, May 29th. 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 eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $71.60.
Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries.
To view Zacks’ full report, visit Zacks’ official website.
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