Liberty Global (LBTYA) to Release Earnings on Wednesday

Liberty Global (NASDAQ:LBTYA) is expected to issue its results before the market opens on Wednesday, February 18th. Analysts expect the company to announce earnings of ($0.46) per share and revenue of $1.2065 billion for the quarter.

Liberty Global Price Performance

LBTYA stock opened at $11.56 on Wednesday. The firm has a 50 day moving average of $10.99 and a 200-day moving average of $11.14. The company has a market cap of $3.89 billion, a price-to-earnings ratio of -1.90 and a beta of 1.05. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Liberty Global has a 12-month low of $9.02 and a 12-month high of $12.09.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LBTYA shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, January 22nd. UBS Group raised their price target on Liberty Global from $11.80 to $12.60 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Finally, Citigroup lifted their price target on Liberty Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Liberty Global currently has an average rating of “Hold” and an average target price of $14.40.

Insider Activity at Liberty Global

In related news, CFO Charles H. R. Bracken sold 33,220 shares of Liberty Global stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $11.18, for a total transaction of $371,399.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 11.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Liberty Global

Several hedge funds have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Liberty Global during the third quarter worth about $27,000. EverSource Wealth Advisors LLC boosted its position in Liberty Global by 79.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after acquiring an additional 1,238 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Liberty Global in the 2nd quarter worth approximately $47,000. Cubist Systematic Strategies LLC acquired a new position in Liberty Global in the 1st quarter valued at $64,000. Finally, Prudential Financial Inc. purchased a new position in shares of Liberty Global during the 2nd quarter worth $100,000. 37.20% of the stock is owned by institutional investors and hedge funds.

Liberty Global Company Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.