Liberty Global (NASDAQ:LBTYA) Hits New 12-Month Low Following Analyst Downgrade

Liberty Global Ltd (NASDAQ:LBTYA)’s share price hit a new 52-week low during trading on Tuesday after Barclays lowered their price target on the stock from $10.00 to $7.00. Barclays currently has an equal weight rating on the stock. Liberty Global traded as low as $7.48 and last traded at $7.50, with a volume of 5,058,799 shares trading hands. The stock had previously closed at $7.80.

Other analysts also recently issued research reports about the company. Wall Street Zen raised Liberty Global to a “sell” rating in a research note on Saturday, October 17th. New Street Research raised Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. Finally, UBS Group cut their target price on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.78.

Institutional Investors Weigh In On Liberty Global

Institutional investors have recently made changes to their positions in the company. Allworth Financial LP boosted its stake in shares of Liberty Global by 42.1% during the 2nd quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock worth $52,000 after purchasing an additional 1,360 shares during the period. PNC Financial Services Group Inc. raised its position in Liberty Global by 54.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company’s stock worth $74,000 after purchasing an additional 2,137 shares during the period. Trust Co. of Vermont purchased a new stake in Liberty Global in the 2nd quarter worth about $76,000. State of Alaska Department of Revenue lifted its stake in Liberty Global by 31.4% in the third quarter. State of Alaska Department of Revenue now owns 15,348 shares of the company’s stock worth $140,000 after purchasing an additional 3,668 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in Liberty Global by 26.3% in the second quarter. Integrated Wealth Concepts LLC now owns 14,042 shares of the company’s stock worth $160,000 after purchasing an additional 2,926 shares during the last quarter. Institutional investors own 37.20% of the company’s stock.

Liberty Global Trading Down 1.5%

The company’s 50 day simple moving average is $9.77 and its 200-day simple moving average is $10.88. The firm has a market cap of $2.68 billion, a P/E ratio of -0.88 and a beta of 0.99. 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 released its earnings results on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.34 billion. As a group, research analysts predict that Liberty Global Ltd will post -1.47 earnings per share for the current fiscal year.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.