Short Interest in Liberty Global plc – Class A Drops By 7.9% (LBTYA)
Liberty Global plc – Class A (NASDAQ:LBTYA) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totalling 18,952,348 shares, a drop of 7.9% from the July 15th total of 20,568,917 shares, American Banking and Market News reports. Based on an average daily volume of 2,894,872 shares, the days-to-cover ratio is presently 6.5 days. Currently, 8.9% of the shares of the stock are sold short.
A number of research firms have recently commented on LBTYA. Analysts at TheStreet upgraded shares of Liberty Global plc – Class A to a “hold” rating in a research note on Monday. Separately, analysts at Jefferies Group raised their price target on shares of Liberty Global plc – Class A from $51.00 to $55.00 in a research note on Friday, August 8th. Finally, 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Liberty Global plc – Class A currently has a consensus rating of “Buy” and an average price target of $73.88.
Shares of Liberty Global plc – Class A (NASDAQ:LBTYA) opened at 41.77 on Wednesday. Liberty Global plc – Class A has a one year low of $37.813 and a one year high of $46.464. The stock’s 50-day moving average is $43.23 and its 200-day moving average is $42.68. The company’s market cap is $32.557 billion.
Liberty Global plc – Class A (NASDAQ:LBTYA) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.38. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the previous 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. On average, analysts predict that Liberty Global plc – Class A will post $0.03 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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