Liberty Global (NASDAQ:LBTYA) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Liberty Global Ltd (NASDAQ:LBTYA) passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $9.26 and traded as high as $9.59. Liberty Global shares last traded at $9.58, with a volume of 13,882,712 shares.

Analyst Ratings Changes

Several research firms have recently commented on LBTYA. New Street Research upgraded shares of Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, October 20th. Barclays cut their target price on Liberty Global from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 29th. Wall Street Zen raised Liberty Global to a “sell” rating in a research report on Saturday, October 17th. Finally, UBS Group dropped their price target on Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.78.

Liberty Global Trading Up 12.4%

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $3.27 billion, a price-to-earnings ratio of -1.30 and a beta of 1.06. The company’s fifty day moving average is $9.26 and its two-hundred day moving average is $10.98.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.32 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.64. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.59%. On average, research analysts anticipate that Liberty Global Ltd will post -1.47 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LBTYA. Allworth Financial LP lifted its position in Liberty Global by 42.1% during the second quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock valued at $52,000 after purchasing an additional 1,360 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Liberty Global by 54.2% in the first quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company’s stock valued at $74,000 after purchasing an additional 2,137 shares during the last quarter. Trust Co. of Vermont acquired a new stake in Liberty Global during the 2nd quarter worth about $76,000. Chicago Partners Investment Group LLC acquired a new stake in Liberty Global during the 3rd quarter worth about $105,000. Finally, AlphaCore Capital LLC acquired a new stake in Liberty Global during the 3rd quarter worth about $127,000. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Company Profile

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.