BidaskClub Upgrades Liberty Global (LBTYA) to “Hold”

Liberty Global (NASDAQ:LBTYA) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday.

Several other equities analysts have also issued reports on the company. Pivotal Research reaffirmed a “buy” rating and issued a $35.00 price target on shares of Liberty Global in a research report on Tuesday, September 11th. UBS Group raised Liberty Global from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $37.00 to $33.50 in a research report on Friday, August 24th. Zacks Investment Research raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Macquarie lowered Liberty Global from an “outperform” rating to a “neutral” rating in a research report on Wednesday, July 11th. Finally, JPMorgan Chase & Co. assumed coverage on Liberty Global in a research report on Tuesday, July 10th. They issued a “sell” rating for the company. Three analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $38.68.

LBTYA opened at $29.06 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 5.98. The stock has a market capitalization of $22.33 billion, a PE ratio of -12.69 and a beta of 1.55. Liberty Global has a 1 year low of $25.86 and a 1 year high of $39.73.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.68. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $4.06 billion. Liberty Global had a negative return on equity of 27.88% and a negative net margin of 11.46%. sell-side analysts forecast that Liberty Global will post -0.02 earnings per share for the current fiscal year.

In other Liberty Global news, CFO Charles H. R. Bracken sold 46,054 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $27.27, for a total value of $1,255,892.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.93% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sciencast Management LP purchased a new stake in shares of Liberty Global during the 1st quarter valued at about $665,000. Raffles Associates LP purchased a new stake in shares of Liberty Global during the 2nd quarter valued at about $413,000. State of Wisconsin Investment Board purchased a new stake in shares of Liberty Global during the 2nd quarter valued at about $1,590,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Liberty Global by 9.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,803 shares of the company’s stock valued at $1,592,000 after acquiring an additional 4,965 shares during the period. Finally, Valeo Financial Advisors LLC grew its stake in shares of Liberty Global by 282.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 24,508 shares of the company’s stock valued at $675,000 after acquiring an additional 18,100 shares during the period. 21.92% of the stock is owned by hedge funds and other institutional investors.

About Liberty Global

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.

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