TheStreet Upgrades Liberty Global (NASDAQ:LBTYA) to “C”

Liberty Global (NASDAQ:LBTYA) was upgraded by equities researchers at TheStreet from a “d” rating to a “c” rating in a research note issued on Thursday, TheStreetRatingsTable reports.

A number of other analysts also recently weighed in on the company. Benchmark decreased their price objective on Liberty Global from $34.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Barclays downgraded Liberty Global from an “overweight” rating to an “equal weight” rating and set a $30.00 price objective for the company. in a report on Wednesday, September 25th. BidaskClub upgraded Liberty Global from a “sell” rating to a “hold” rating in a report on Thursday, September 5th. Citigroup downgraded Liberty Global from a “buy” rating to a “sell” rating and decreased their price objective for the company from $31.00 to $25.00 in a report on Friday, September 20th. Finally, New Street Research downgraded Liberty Global from a “buy” rating to a “neutral” rating in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $29.36.

Liberty Global stock traded down $0.02 during midday trading on Thursday, reaching $24.82. 1,401,900 shares of the company’s stock were exchanged, compared to its average volume of 1,999,638. Liberty Global has a 52 week low of $19.88 and a 52 week high of $28.62. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of -12.60 and a beta of 1.46. The company has a debt-to-equity ratio of 7.15, a quick ratio of 0.39 and a current ratio of 0.39. The stock’s 50-day simple moving average is $25.00 and its 200 day simple moving average is $26.15.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.61. The company had revenue of $2.84 billion during the quarter. Liberty Global had a net margin of 9.11% and a negative return on equity of 26.88%. Research analysts forecast that Liberty Global will post -1.01 earnings per share for the current year.

In related news, Director David E. Rapley sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $23.82, for a total value of $47,640.00. Following the transaction, the director now owns 6,045 shares of the company’s stock, valued at approximately $143,991.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Bryan H. Hall sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $27.10, for a total transaction of $542,000.00. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $4,329,604.40. The disclosure for this sale can be found here. 6.48% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in LBTYA. Nomura Asset Management Co. Ltd. increased its stake in Liberty Global by 1.6% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 39,499 shares of the company’s stock valued at $1,066,000 after buying an additional 610 shares during the last quarter. CIBC Asset Management Inc increased its stake in Liberty Global by 3.9% in the 2nd quarter. CIBC Asset Management Inc now owns 17,556 shares of the company’s stock valued at $474,000 after buying an additional 660 shares during the last quarter. Coastal Investment Advisors Inc. increased its stake in Liberty Global by 24.9% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 3,510 shares of the company’s stock valued at $85,000 after buying an additional 700 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Liberty Global by 9.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,551 shares of the company’s stock valued at $285,000 after buying an additional 920 shares during the last quarter. Finally, Mycio Wealth Partners LLC purchased a new stake in Liberty Global in the 2nd quarter valued at about $25,000. 23.14% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Yield Curve

Analyst Recommendations for Liberty Global (NASDAQ:LBTYA)

Receive News & Ratings for Liberty Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit