Liberty Global Ltd (NASDAQ:LBTYA) Stock Has Average Price Target of $13.22

Liberty Global Ltd (NASDAQ:LBTYA) has received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $13.22.

LBTYA has been the subject of several research reports. Barclays cut their price target on Liberty Global from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Tuesday, August 18th. UBS Group decreased their price objective on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st.

Institutional Trading of Liberty Global

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in shares of Liberty Global by 31.4% in the third quarter. State of Alaska Department of Revenue now owns 15,348 shares of the company’s stock valued at $140,000 after acquiring an additional 3,668 shares during the period. State Street Corp increased its holdings 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 worth $36,896,000 after purchasing an additional 251,727 shares during the period. Engineers Gate Manager LP raised its position in shares of Liberty Global by 27.7% in the second quarter. Engineers Gate Manager LP now owns 425,708 shares of the company’s stock valued at $4,840,000 after buying an additional 92,388 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Liberty Global by 26.3% in the second quarter. Integrated Wealth Concepts LLC now owns 14,042 shares of the company’s stock valued at $160,000 after buying an additional 2,926 shares during the period. Finally, Squarepoint Ops LLC grew its position in Liberty Global by 94.8% during the second quarter. Squarepoint Ops LLC now owns 349,916 shares of the company’s stock worth $3,979,000 after buying an additional 170,328 shares in the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.

Liberty Global Stock Performance

NASDAQ LBTYA opened at $8.04 on Tuesday. The firm has a market capitalization of $2.74 billion, a P/E ratio of -0.90 and a beta of 0.99. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm’s fifty day moving average price is $9.97 and its two-hundred day moving average price is $11.00. Liberty Global has a 1 year low of $7.97 and a 1 year high of $13.52.

Liberty Global (NASDAQ:LBTYA) 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 the consensus estimate of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. As a group, research analysts anticipate that Liberty Global will post -1.47 EPS for the current year.

About Liberty Global

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.