Liberty Global (NASDAQ:LBTYA) has been given a $37.00 price objective by Bank of America in a report released on Friday. The firm presently has a “hold” rating on the stock. Bank of America’s target price would suggest a potential upside of 47.29% from the stock’s previous close.
LBTYA has been the topic of a number of other research reports. BidaskClub downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. HSBC set a $35.00 price objective on shares of Liberty Global and gave the stock a “buy” rating in a research report on Thursday, October 18th. UBS Group raised shares of Liberty Global from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $37.00 to $33.50 in a research report on Friday, August 24th. Zacks Investment Research raised shares of Liberty Global from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Monday, October 1st. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Liberty Global in a research report on Tuesday, September 11th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. Liberty Global has an average rating of “Hold” and an average price target of $37.50.
Shares of Liberty Global stock opened at $25.12 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 5.98. Liberty Global has a 52-week low of $23.17 and a 52-week high of $39.73. The company has a market capitalization of $20.48 billion, a PE ratio of -10.97 and a beta of 1.59.
Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Wednesday, November 7th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.83). Liberty Global had a negative return on equity of 27.88% and a negative net margin of 11.46%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.94 billion. On average, equities research analysts expect that Liberty Global will post -0.31 earnings per share for the current fiscal year.
In related news, CFO Charles H. R. Bracken sold 46,054 shares of Liberty Global stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $27.27, for a total value of $1,255,892.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.93% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in LBTYA. Oregon Public Employees Retirement Fund boosted its stake in Liberty Global by 6.1% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 3,500 shares of the company’s stock worth $102,000 after purchasing an additional 200 shares in the last quarter. Standard Life Investments LTD acquired a new stake in Liberty Global in the 2nd quarter worth approximately $105,000. D.A. Davidson & CO. boosted its stake in Liberty Global by 69.6% in the 2nd quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock worth $107,000 after purchasing an additional 1,374 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in Liberty Global in the 3rd quarter worth approximately $108,000. Finally, Mizuho Asset Management Co. Ltd. boosted its stake in Liberty Global by 124.5% in the 2nd quarter. Mizuho Asset Management Co. Ltd. now owns 3,760 shares of the company’s stock worth $109,000 after purchasing an additional 2,085 shares in the last quarter. Institutional investors own 21.87% of the company’s stock.
About Liberty Global
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.
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