Liberty Global (LBTYA) Given a $37.00 Price Target at Bank of America

Share on StockTwits

Bank of America set a $37.00 price target on Liberty Global (NASDAQ:LBTYA) in a research report sent to investors on Friday morning. The firm currently has a hold rating on the stock.

LBTYA has been the subject of a number of other research reports. BidaskClub lowered Liberty Global from a hold rating to a sell rating in a report on Thursday, October 4th. HSBC set a $35.00 target price on Liberty Global and gave the company a buy rating in a report on Thursday, October 18th. UBS Group upgraded Liberty Global from a neutral rating to a buy rating and reduced their target price for the company from $37.00 to $33.50 in a report on Friday, August 24th. Zacks Investment Research upgraded Liberty Global from a hold rating to a buy rating and set a $32.00 price objective for the company in a report on Monday, October 1st. Finally, Pivotal Research reiterated a buy rating and set a $35.00 price objective on shares of Liberty Global in a report on Tuesday, September 11th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $37.50.

Shares of LBTYA traded down $0.40 during mid-day trading on Friday, reaching $25.12. The company’s stock had a trading volume of 2,084,287 shares, compared to its average volume of 2,112,118. The firm has a market capitalization of $20.48 billion, a P/E ratio of -10.97 and a beta of 1.59. Liberty Global has a 1 year low of $23.17 and a 1 year high of $39.73. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 5.98.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Wednesday, November 7th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.83). The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Liberty Global had a negative net margin of 11.46% and a negative return on equity of 27.88%. On average, 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 the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $27.27, for a total transaction of $1,255,892.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.93% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of LBTYA. Royal Bank of Canada increased its position in Liberty Global by 10.5% during the first quarter. Royal Bank of Canada now owns 197,682 shares of the company’s stock worth $6,189,000 after buying an additional 18,770 shares during the last quarter. Jabodon PT Co. acquired a new position in Liberty Global during the second quarter worth $2,615,000. AJ Wealth Strategies LLC acquired a new position in Liberty Global during the second quarter worth $308,000. BNP Paribas Arbitrage SA increased its position in Liberty Global by 50.3% during the second quarter. BNP Paribas Arbitrage SA now owns 58,834 shares of the company’s stock worth $1,620,000 after buying an additional 19,696 shares during the last quarter. Finally, First Mercantile Trust Co. increased its position in Liberty Global by 12.7% during the second quarter. First Mercantile Trust Co. now owns 20,266 shares of the company’s stock worth $558,000 after buying an additional 2,280 shares during the last quarter. 21.87% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Company Profile

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: No Load Funds

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.