Liberty Global Ltd (NASDAQ:LBTYA) Stock Rated “Hold” by Wall Street Analysts

Liberty Global Ltd (NASDAQ:LBTYA) has earned an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $13.22.

A number of brokerages have commented on LBTYA. UBS Group dropped their target price on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Barclays decreased their price target on shares of Liberty Global from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 18th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st.

Liberty Global Price Performance

LBTYA stock opened at $9.42 on Friday. Liberty Global has a 52 week low of $9.40 and a 52 week high of $13.52. The firm has a market capitalization of $3.21 billion, a P/E ratio of -1.05 and a beta of 0.93. The company has a fifty day simple moving average of $10.43 and a two-hundred day simple moving average of $11.35. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. Analysts anticipate that Liberty Global will post -1.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Liberty Global

A number of hedge funds have recently made changes to their positions in LBTYA. ACR Alpine Capital Research LLC boosted its holdings in Liberty Global by 9.7% in the first quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock worth $285,866,000 after acquiring an additional 2,097,847 shares in the last quarter. Rubric Capital Management LP raised its position in shares of Liberty Global by 17.3% in the 1st quarter. Rubric Capital Management LP now owns 11,752,855 shares of the company’s stock valued at $142,092,000 after purchasing an additional 1,734,423 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Liberty Global by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company’s stock valued at $106,782,000 after purchasing an additional 521,750 shares during the last quarter. Contour Asset Management LLC boosted its stake in Liberty Global by 19.8% in the 4th quarter. Contour Asset Management LLC now owns 5,183,133 shares of the company’s stock worth $57,740,000 after purchasing an additional 857,244 shares in the last quarter. Finally, Norges Bank purchased a new stake in Liberty Global during the 4th quarter worth approximately $42,238,000. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and investment company focused on broadband, mobile, video, and fixed-line communications services. Through its operating businesses and strategic investments, the company provides connectivity, television, and digital services to consumers and businesses.

Liberty Global has interests in telecommunications operations across Europe. Its portfolio has included Virgin Media O2 in the United Kingdom, a joint venture with Telefónica; Telenet in Belgium; and Sunrise in Switzerland.