Liberty Global (NASDAQ:LBTYB) Trading 8.9% Higher – Should You Buy?

Liberty Global Ltd (NASDAQ:LBTYB) shares rose 8.9% during mid-day trading on Thursday . The company traded as high as $12.65 and last traded at $11.9810. Approximately 3,823 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 35,228 shares. The stock had previously closed at $11.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Liberty Global Trading Up 20.4%

The company has a market cap of $4.48 billion, a price-to-earnings ratio of -0.84 and a beta of 0.41. The business has a fifty day simple moving average of $13.78 and a 200 day simple moving average of $13.14. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79.

Liberty Global (NASDAQ:LBTYB) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion.

Institutional Trading of Liberty Global

A hedge fund recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC bought a new position in Liberty Global Ltd (NASDAQ:LBTYB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Company Profile

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.