Liberty Global (NASDAQ:LBTYA) Reaches New 1-Year High at $20.60

Liberty Global Ltd. (NASDAQ:LBTYA)’s share price hit a new 52-week high on Thursday . The company traded as high as $20.60 and last traded at $20.49, with a volume of 309398 shares changing hands. The stock had previously closed at $20.03.

Analysts Set New Price Targets

Several equities research analysts recently commented on LBTYA shares. Citigroup assumed coverage on Liberty Global in a report on Friday, August 9th. They set a “buy” rating and a $25.00 target price on the stock. Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $15.50 to $21.30 in a research note on Monday, August 12th. Benchmark restated a “buy” rating and issued a $27.00 target price on shares of Liberty Global in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Liberty Global has an average rating of “Moderate Buy” and a consensus target price of $24.26.

Liberty Global Stock Up 1.3 %

The firm’s 50-day simple moving average is $18.76 and its 200-day simple moving average is $17.64. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of -3.15 and a beta of 1.16.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.71 earnings per share (EPS) for the quarter. Liberty Global had a negative net margin of 27.03% and a negative return on equity of 10.72%. The firm had revenue of $1.87 billion for the quarter. Sell-side analysts forecast that Liberty Global Ltd. will post -0.61 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LBTYA. EverSource Wealth Advisors LLC boosted its position in shares of Liberty Global by 63.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $27,000 after purchasing an additional 601 shares in the last quarter. ARGA Investment Management LP lifted its stake in Liberty Global by 1.7% in the first quarter. ARGA Investment Management LP now owns 94,600 shares of the company’s stock valued at $1,601,000 after buying an additional 1,591 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Liberty Global by 13.3% in the second quarter. Wedbush Securities Inc. now owns 15,778 shares of the company’s stock valued at $275,000 after buying an additional 1,855 shares during the period. Bfsg LLC increased its position in shares of Liberty Global by 27.1% during the second quarter. Bfsg LLC now owns 11,030 shares of the company’s stock worth $192,000 after acquiring an additional 2,349 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Liberty Global by 15.8% during the second quarter. SG Americas Securities LLC now owns 20,514 shares of the company’s stock worth $358,000 after acquiring an additional 2,801 shares during the period. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.