Liberty Global (NASDAQ:LBTYK) Reaches New 52-Week Low – Should You Sell?

Liberty Global Ltd (NASDAQ:LBTYK) hit a new 52-week low on Tuesday. The company traded as low as $9.02 and last traded at $9.1150, with a volume of 87956 shares. The stock had previously closed at $9.13.

Wall Street Analysts Forecast Growth

LBTYK has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. Wall Street Zen cut shares of Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Liberty Global Stock Down 0.0%

The firm has a 50 day moving average price of $10.14 and a 200-day moving average price of $10.98. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of -1.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings data on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.

Institutional Investors Weigh In On Liberty Global

Several institutional investors have recently modified their holdings of the business. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Liberty Global during the first quarter worth approximately $42,000. Allworth Financial LP boosted its stake in Liberty Global by 52.1% in the second quarter. Allworth Financial LP now owns 4,407 shares of the company’s stock valued at $48,000 after acquiring an additional 1,509 shares during the last quarter. Versant Capital Management Inc grew its holdings in Liberty Global by 90.2% during the 2nd quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock worth $53,000 after acquiring an additional 2,292 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Liberty Global during the 2nd quarter valued at $70,000. Finally, Royal Bank of Canada lifted its stake in shares of Liberty Global by 31.7% in the 1st quarter. Royal Bank of Canada now owns 9,547 shares of the company’s stock valued at $111,000 after purchasing an additional 2,299 shares during the period. Institutional investors and hedge funds own 46.10% of the company’s stock.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that provides broadband internet, video, fixed-line telephone and mobile communications services. Its operations also support business connectivity, digital infrastructure and related technology services for residential and commercial customers.

The company serves customers primarily in Europe through operating businesses and strategic joint ventures. Its portfolio has included Virgin Media O2 in the United Kingdom, Telenet in Belgium, Sunrise in Switzerland and VodafoneZiggo in the Netherlands, as well as other investments in communications, media and technology businesses.