Liberty Global (NASDAQ:LBTYA) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Liberty Global Ltd (NASDAQ:LBTYA)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.66 and traded as high as $11.89. Liberty Global shares last traded at $11.81, with a volume of 1,443,879 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LBTYA. Pivotal Research reissued a “buy” rating and set a $18.00 target price on shares of Liberty Global in a report on Monday, May 4th. UBS Group increased their target price on Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a report on Tuesday, March 31st. Zacks Research raised Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.15.

Liberty Global Stock Performance

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of -0.74 and a beta of 0.92. The firm has a fifty day moving average of $12.09 and a 200 day moving average of $11.66.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.96 EPS for the quarter, beating the consensus estimate of ($0.35) by $1.31. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. As a group, sell-side analysts forecast that Liberty Global Ltd will post -1.38 EPS for the current year.

Institutional Investors Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently made changes to their positions in LBTYA. Royal Bank of Canada increased its holdings in shares of Liberty Global by 801.7% in the first quarter. Royal Bank of Canada now owns 120,200 shares of the company’s stock valued at $1,383,000 after purchasing an additional 106,870 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Liberty Global during the first quarter worth $64,000. Millennium Management LLC increased its stake in Liberty Global by 197.8% during the first quarter. Millennium Management LLC now owns 1,520,781 shares of the company’s stock worth $17,504,000 after acquiring an additional 1,010,118 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Liberty Global by 27.8% during the first quarter. Goldman Sachs Group Inc. now owns 451,847 shares of the company’s stock worth $5,201,000 after acquiring an additional 98,182 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Liberty Global during the second quarter worth $100,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

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.