Liberty Global PLC (LBTYA) to Release Earnings on Wednesday
Liberty Global PLC (NASDAQ:LBTYA) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Liberty Global PLC to post earnings of ($0.75) per share for the quarter.
Liberty Global PLC (LBTYA) traded down 0.03% during mid-day trading on Thursday, reaching $31.18. 671,960 shares of the company’s stock traded hands. The company has a 50 day moving average price of $32.78 and a 200-day moving average price of $32.54. The stock has a market cap of $31.29 billion, a P/E ratio of 34.26 and a beta of 1.63. Liberty Global PLC has a 12 month low of $28.17 and a 12 month high of $37.69.
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In other Liberty Global PLC news, Director David E. Rapley sold 2,985 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $32.81, for a total value of $97,937.85. Following the completion of the sale, the director now owns 14,795 shares of the company’s stock, valued at $485,423.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Malone sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $32.51, for a total value of $2,925,900.00. Following the completion of the sale, the director now directly owns 6,625,227 shares of the company’s stock, valued at approximately $215,386,129.77. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 272,985 shares of company stock worth $8,734,338. 5.81% of the stock is owned by company insiders.
An institutional investor recently bought a new position in Liberty Global PLC stock. California State Teachers Retirement System bought a new position in Liberty Global PLC (NASDAQ:LBTYA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,322 shares of the company’s stock, valued at approximately $203,000. 22.09% of the stock is currently owned by institutional investors.
A number of equities analysts recently weighed in on the stock. Macquarie downgraded shares of Liberty Global PLC from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 27th. Barclays PLC boosted their price target on shares of Liberty Global PLC from $40.00 to $43.50 and gave the stock an “overweight” rating in a report on Monday, October 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $40.00 price target on shares of Liberty Global PLC in a report on Monday, October 2nd. BidaskClub upgraded Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Finally, Buckingham Research began coverage on Liberty Global PLC in a research note on Friday, September 29th. They issued a “buy” rating and a $44.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $41.04.
Liberty Global PLC Company Profile
Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.
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