Liberty Global (NASDAQ:LBTYA) Releases Quarterly Earnings Results, Beats Estimates By $1.64 EPS

Liberty Global (NASDAQ:LBTYA) released its quarterly earnings results on Tuesday. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.64, FiscalAI reports. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

Liberty Global Stock Performance

NASDAQ:LBTYA opened at $8.51 on Tuesday. Liberty Global has a twelve month low of $7.36 and a twelve month high of $13.52. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock’s 50-day simple moving average is $9.33 and its 200 day simple moving average is $10.99. The firm has a market capitalization of $2.90 billion, a PE ratio of -0.94 and a beta of 1.06.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Barclays cut their price objective on shares of Liberty Global from $10.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, October 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Thursday. Wall Street Zen upgraded shares of Liberty Global to a “sell” rating in a research report on Saturday, October 17th. UBS Group reduced their price target on Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Finally, New Street Research upgraded 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, October 20th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Liberty Global has an average rating of “Hold” and a consensus target price of $12.78.

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.