Liberty Global plc – Class A (LBTYA) Releases Quarterly Earnings, Misses Estimates By $0.38 EPS
Liberty Global plc – Class A (NASDAQ:LBTYA) posted its quarterly earnings results on Tuesday. The company reported ($0.32) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.38, Stock Ratings Network.com reports. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the company posted ($0.04) earnings per share. Liberty Global plc – Class A’s revenue was up 50.5% compared to the same quarter last year.
Liberty Global plc – Class A (NASDAQ:LBTYA) traded down 1.10% during mid-day trading on Tuesday, hitting $41.48. The stock had a trading volume of 2,660,954 shares. Liberty Global plc – Class A has a one year low of $37.813 and a one year high of $46.464. The stock has a 50-day moving average of $43.42 and a 200-day moving average of $42.77. The company’s market cap is $32.602 billion.
A number of analysts have recently weighed in on LBTYA shares. Analysts at Pivotal Research raised their price target on shares of Liberty Global plc – Class A from $53.00 to $60.00 in a research note on Monday, July 14th. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Liberty Global plc – Class A in a research note on Thursday, July 10th. They now have a $46.00 price target on the stock. Finally, 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. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $70.33.
Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries.
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