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

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

LBTYA has been the topic of a number of other research reports. Barclays cut shares of Liberty Global from an “overweight” rating to an “equal weight” rating and set a $30.00 price objective on the stock. in a research report on Wednesday, September 25th. HSBC cut shares of Liberty Global from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research report on Thursday, October 17th. New Street Research cut shares of Liberty Global from a “buy” rating to a “neutral” rating in a research report on Thursday, August 8th. Citigroup cut shares of 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 research report on Friday, September 20th. Finally, Benchmark decreased their price objective on shares of Liberty Global from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $29.36.

NASDAQ:LBTYA traded down $0.02 during trading hours on Thursday, hitting $24.82. The stock had a trading volume of 1,401,900 shares, compared to its average volume of 1,999,638. The firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of -12.60 and a beta of 1.46. The company has a 50 day simple moving average of $25.00 and a two-hundred day simple moving average of $26.15. Liberty Global has a one year low of $19.88 and a one year high of $28.62. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.39 and a quick ratio of 0.39.

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eminence Capital LP increased its position in shares of Liberty Global by 3.4% during the second quarter. Eminence Capital LP now owns 521,455 shares of the company’s stock valued at $14,074,000 after buying an additional 17,264 shares during the period. Renaissance Technologies LLC boosted its stake in Liberty Global by 20.2% during the second quarter. Renaissance Technologies LLC now owns 1,227,987 shares of the company’s stock worth $33,143,000 after acquiring an additional 206,700 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Liberty Global by 3.9% during the second quarter. CIBC Asset Management Inc now owns 17,556 shares of the company’s stock worth $474,000 after acquiring an additional 660 shares in the last quarter. First Trust Advisors LP boosted its stake in Liberty Global by 0.6% during the second quarter. First Trust Advisors LP now owns 167,843 shares of the company’s stock worth $4,530,000 after acquiring an additional 985 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Liberty Global by 23.8% during the second quarter. Janus Henderson Group PLC now owns 158,227 shares of the company’s stock worth $4,271,000 after acquiring an additional 30,388 shares in the last quarter. Institutional investors own 23.14% of the company’s stock.

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.

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Analyst Recommendations for Liberty Global (NASDAQ:LBTYA)

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