Liberty Global (NASDAQ:LBTYA) Stock Gets Price Target Trim from Barclays

Liberty Global (NASDAQ:LBTYA) had its target price lowered by Barclays from $10.00 to $7.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research firms have also commented on LBTYA. Wall Street Zen upgraded shares of Liberty Global to a “sell” rating in a research report on Saturday, October 17th. New Street Research raised shares of Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday. UBS Group dropped their price objective on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Liberty Global presently has a consensus rating of “Hold” and an average price target of $12.78.

Liberty Global Price Performance

Shares of NASDAQ LBTYA opened at $8.14 on Tuesday. Liberty Global has a 52-week low of $7.48 and a 52-week high of $13.52. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The business has a fifty day moving average of $9.72 and a two-hundred day moving average of $10.85.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results 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 during 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%. As a group, research analysts forecast that Liberty Global will post -1.47 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Allworth Financial LP lifted its holdings in Liberty Global by 42.1% during the 2nd quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock worth $52,000 after buying an additional 1,360 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Liberty Global by 54.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company’s stock valued at $74,000 after buying an additional 2,137 shares during the period. Trust Co. of Vermont acquired a new stake in shares of Liberty Global in the 2nd quarter valued at $76,000. State of Alaska Department of Revenue raised its position in shares of Liberty Global by 31.4% during the third quarter. State of Alaska Department of Revenue now owns 15,348 shares of the company’s stock worth $140,000 after acquiring an additional 3,668 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of Liberty Global by 26.3% during the second quarter. Integrated Wealth Concepts LLC now owns 14,042 shares of the company’s stock worth $160,000 after acquiring an additional 2,926 shares during the last quarter. Institutional investors own 37.20% of the company’s stock.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.