Liberty Global Ltd (NASDAQ:LBTYA) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Liberty Global Ltd (NASDAQ:LBTYA) have been given an average rating of “Reduce” by the seven research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $14.40.

A number of brokerages have recently weighed in on LBTYA. UBS Group lifted their price objective on Liberty Global from $12.00 to $12.60 and gave the stock a “neutral” rating in a research report on Tuesday. Citigroup raised their price target on Liberty Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Zacks Research cut shares of Liberty Global from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, January 22nd.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYA opened at $12.09 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average price of $11.86 and a 200-day moving average price of $11.36. The company has a market cap of $4.05 billion, a price-to-earnings ratio of -0.58 and a beta of 1.02. Liberty Global has a 12 month low of $9.02 and a 12 month high of $13.52.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Thursday, February 19th. The company reported ($8.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($8.14). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%. As a group, equities analysts anticipate that Liberty Global will post -1.35 EPS for the current year.

Hedge Funds Weigh In On Liberty Global

Institutional investors have recently bought and sold shares of the stock. Copley Financial Group Inc. raised its holdings in Liberty Global by 7.8% in the 3rd quarter. Copley Financial Group Inc. now owns 12,801 shares of the company’s stock worth $147,000 after purchasing an additional 931 shares during the period. MAI Capital Management grew its holdings in Liberty Global by 27.5% during the third quarter. MAI Capital Management now owns 4,559 shares of the company’s stock valued at $52,000 after purchasing an additional 983 shares during the period. NorthCrest Asset Manangement LLC increased its position in Liberty Global by 9.0% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 12,743 shares of the company’s stock worth $139,000 after buying an additional 1,050 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Liberty Global by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 30,107 shares of the company’s stock worth $301,000 after buying an additional 1,153 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Liberty Global by 79.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after buying an additional 1,238 shares during the period. 37.20% of the stock is owned by institutional investors.

Liberty Global Company Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.