Liberty Global (NASDAQ:LBTYK) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Liberty Global (NASDAQ:LBTYK) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. One 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 Stock Down 2.4%

Liberty Global stock opened at $10.24 on Friday. The stock has a 50 day moving average of $10.70 and a two-hundred day moving average of $11.33. Liberty Global has a twelve month low of $9.30 and a twelve month high of $13.12. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of -1.14 and a beta of 0.90. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82.

Liberty Global (NASDAQ:LBTYK) last issued its earnings results 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). The firm had revenue of $1.17 billion during 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%.

Insider Activity at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director owned 53,876 shares of the company’s stock, valued at approximately $621,729.04. The trade was a 50.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On Liberty Global

Several institutional investors have recently modified their holdings of LBTYK. Versant Capital Management Inc raised its holdings in Liberty Global by 90.2% during the second quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock worth $53,000 after purchasing an additional 2,292 shares during the last quarter. Bank of America Corp DE grew its holdings in Liberty Global by 140.4% in the first quarter. Bank of America Corp DE now owns 155,820 shares of the company’s stock valued at $1,828,000 after purchasing an additional 91,012 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Liberty Global by 299.2% in the first quarter. Janus Henderson Group PLC now owns 251,900 shares of the company’s stock valued at $2,954,000 after buying an additional 188,800 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of Liberty Global by 26.4% in the first quarter. Arkadios Wealth Advisors now owns 16,503 shares of the company’s stock valued at $194,000 after buying an additional 3,442 shares in the last quarter. Finally, Amundi raised its stake in shares of Liberty Global by 318.0% during the 1st quarter. Amundi now owns 50,244 shares of the company’s stock worth $589,000 after buying an additional 38,224 shares during the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Liberty Global Company Profile

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.