Liberty Global (NASDAQ:LBTYB) Sees Strong Trading Volume – Time to Buy?

Shares of Liberty Global Ltd (NASDAQ:LBTYB) saw strong trading volume on Monday. 94,024 shares changed hands during mid-day trading, an increase of 238% from the previous session’s volume of 27,835 shares. The stock last traded at $12.3650 and had previously closed at $12.41.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Liberty Global Trading Up 4.1%

The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The stock’s 50 day moving average is $12.51 and its 200-day moving average is $13.25. The company has a market capitalization of $4.28 billion, a P/E ratio of -1.40 and a beta of 0.42.

Liberty Global (NASDAQ:LBTYB) last posted its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.11% and a negative return on equity of 28.82%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.34 billion.

Institutional Investors Weigh In On Liberty Global

A hedge fund recently bought a new stake in Liberty Global stock. FNY Investment Advisers LLC acquired a new position in Liberty Global Ltd (NASDAQ:LBTYB) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,252 shares of the company’s stock, valued at approximately $68,000. Hedge funds and other institutional investors own 0.47% of the company’s stock.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that owns, operates and invests in broadband, mobile, fixed-line voice and video businesses. Its consumer services generally include high-speed internet, mobile connectivity, digital television and related communications products, delivered through established regional brands.

The company’s principal activities are concentrated in Europe. Liberty Global has interests in communications businesses serving customers in the United Kingdom, the Netherlands, Belgium and Switzerland, including Virgin Media O2 in the U.K., VodafoneZiggo in the Netherlands, Telenet in Belgium and Sunrise in Switzerland.