Liberty Global (NASDAQ:LILAK) Stock Rating Lowered by Wall Street Zen

Liberty Global (NASDAQ:LILAK) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

A number of other equities research analysts have also issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Wednesday, October 8th. Scotiabank lifted their price target on shares of Liberty Global from $5.10 to $8.20 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $8.20.

Liberty Global Stock Up 1.6%

LILAK stock opened at $8.94 on Friday. The company has a market cap of $1.79 billion, a price-to-earnings ratio of -2.42 and a beta of 0.98. The firm has a 50-day moving average of $8.30 and a two-hundred day moving average of $7.37. Liberty Global has a 12 month low of $4.23 and a 12 month high of $9.13. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 5.00.

Liberty Global (NASDAQ:LILAK) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Liberty Global had a negative return on equity of 46.60% and a negative net margin of 16.57%.The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LILAK. New Age Alpha Advisors LLC boosted its holdings in shares of Liberty Global by 419.1% during the first quarter. New Age Alpha Advisors LLC now owns 33,662 shares of the company’s stock worth $209,000 after purchasing an additional 27,177 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Liberty Global by 1.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,002,780 shares of the company’s stock worth $24,857,000 after buying an additional 72,802 shares during the period. Deutsche Bank AG boosted its stake in Liberty Global by 12.6% in the 1st quarter. Deutsche Bank AG now owns 2,117,792 shares of the company’s stock worth $13,151,000 after buying an additional 236,356 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Liberty Global by 519.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 40,799 shares of the company’s stock worth $253,000 after buying an additional 34,213 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Liberty Global during the 1st quarter valued at about $140,000. Hedge funds and other institutional investors own 52.98% of the company’s stock.

About Liberty Global

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.