Credit Suisse Raises Liberty Global plc – Class A Price Target to $50.00 (LBTYA)
Equities research analysts at Credit Suisse lifted their price objective on shares of Liberty Global plc – Class A (NASDAQ:LBTYA) from $46.00 to $50.00 in a research note issued to investors on Monday. Credit Suisse’s target price would indicate a potential upside of 14.26% from the company’s current price.
Shares of Liberty Global plc – Class A (NASDAQ:LBTYA) opened at 43.76 on Monday. Liberty Global plc – Class A has a 52 week low of $37.98 and a 52 week high of $46.464. The stock’s 50-day moving average is $43.23 and its 200-day moving average is $42.70. The company’s market cap is $34.108 billion.
Liberty Global plc – Class A (NASDAQ:LBTYA) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 50.5% on a year-over-year basis. Analysts expect that Liberty Global plc – Class A will post $-0.08 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of Liberty Global plc – Class A to a “hold” rating in a research note on Monday, August 11th. 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 six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $71.22.
Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries.
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