Liberty Global (NASDAQ:LILAK) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Liberty Global PLC (NASDAQ:LILAK)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.76 and traded as low as $7.76. Liberty Global shares last traded at $7.80, with a volume of 550,275 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LILAK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. Wall Street Zen cut shares of Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $8.20.

Liberty Global Stock Down 3.3%

The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a fifty day simple moving average of $7.76 and a 200-day simple moving average of $8.01. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -2.11 and a beta of 0.99.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. ProShare Advisors LLC boosted its holdings in shares of Liberty Global by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 23,186 shares of the company’s stock worth $173,000 after acquiring an additional 1,494 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Liberty Global by 45.2% during the second quarter. PNC Financial Services Group Inc. now owns 5,773 shares of the company’s stock worth $36,000 after purchasing an additional 1,797 shares during the period. Headlands Technologies LLC boosted its stake in Liberty Global by 5.4% in the 4th quarter. Headlands Technologies LLC now owns 43,986 shares of the company’s stock valued at $328,000 after purchasing an additional 2,253 shares during the period. Legal & General Group Plc grew its holdings in Liberty Global by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock valued at $985,000 after buying an additional 2,533 shares in the last quarter. Finally, CWM LLC grew its holdings in Liberty Global by 22.7% in the 4th quarter. CWM LLC now owns 13,800 shares of the company’s stock valued at $103,000 after buying an additional 2,552 shares in the last quarter. 52.98% of the stock is owned by institutional investors.

About Liberty Global

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.