Liberty Global (NASDAQ:LBTYA) Raised to Sell at Wall Street Zen

Liberty Global (NASDAQ:LBTYA) was upgraded by equities researchers at Wall Street Zen to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.

Other research analysts also recently issued reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. Barclays decreased their price target on Liberty Global from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 18th. Finally, UBS Group dropped their price target on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Liberty Global presently has a consensus rating of “Hold” and a consensus target price of $13.22.

Liberty Global Stock Performance

Shares of LBTYA stock opened at $7.80 on Friday. The company has a market capitalization of $2.66 billion, a P/E ratio of -0.87 and a beta of 0.99. Liberty Global has a 12-month low of $7.77 and a 12-month high of $13.52. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $9.92 and a 200 day moving average price of $10.97.

Liberty Global (NASDAQ:LBTYA) last issued 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). The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.34 billion. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%. Research analysts forecast that Liberty Global will post -1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LBTYA. ACR Alpine Capital Research LLC raised its stake in shares of Liberty Global by 9.7% in the first quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock worth $285,866,000 after acquiring an additional 2,097,847 shares during the last quarter. Rubric Capital Management LP lifted its position in shares of Liberty Global by 17.3% during the first quarter. Rubric Capital Management LP now owns 11,752,855 shares of the company’s stock worth $142,092,000 after purchasing an additional 1,734,423 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Liberty Global by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company’s stock valued at $106,782,000 after purchasing an additional 521,750 shares during the last quarter. State Street Corp grew its stake in shares of Liberty Global by 8.4% during the second quarter. State Street Corp now owns 3,245,059 shares of the company’s stock valued at $36,896,000 after purchasing an additional 251,727 shares during the last quarter. Finally, First Wilshire Securities Management Inc. grew its stake in shares of Liberty Global by 1.5% during the first quarter. First Wilshire Securities Management Inc. now owns 2,341,419 shares of the company’s stock valued at $28,308,000 after purchasing an additional 34,019 shares during the last quarter. Institutional investors and hedge funds 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 voice and television businesses. Its services generally include high-speed internet, wireless connectivity, digital television, streaming and related communications products for residential and business customers.

The company has operations and strategic interests across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, while Liberty Global also holds significant joint-venture interests in Virgin Media O2 in the United Kingdom and VodafoneZiggo in the Netherlands.