Liberty Global (NASDAQ:LBTYB) Trading Down 6.3% – What’s Next?

Liberty Global Ltd (NASDAQ:LBTYB)’s share price traded down 6.3% during mid-day trading on Friday . The stock traded as low as $11.40 and last traded at $11.7240. 1,065 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 34,219 shares. The stock had previously closed at $12.51.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Global presently has a consensus rating of “Sell”.

Liberty Global Trading Down 3.1%

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50-day simple moving average of $13.36 and a two-hundred day simple moving average of $13.18. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of -0.76 and a beta of 0.41.

Liberty Global (NASDAQ:LBTYB) last released its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $1.31. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion.

Institutional Investors Weigh In On Liberty Global

A hedge fund recently bought a new stake in Liberty Global stock. FNY Investment Advisers LLC purchased a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYB) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,252 shares of the company’s stock, valued at approximately $68,000. Institutional investors and hedge funds own 0.47% of the company’s stock.

About Liberty Global

Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.