Liberty Global (NASDAQ:LBTYK) Upgraded at TheStreet

TheStreet upgraded shares of Liberty Global (NASDAQ:LBTYK) from a d rating to a c- rating in a research note released on Thursday, TheStreetRatingsTable reports.

A number of other brokerages also recently issued reports on LBTYK. BidaskClub upgraded Liberty Global from a hold rating to a buy rating in a report on Tuesday, September 17th. Evercore ISI reiterated a buy rating and issued a $33.00 price target on shares of Liberty Global in a report on Thursday, August 8th.

Shares of LBTYK stock traded down $0.02 on Thursday, reaching $23.45. 1,643,900 shares of the company’s stock were exchanged, compared to its average volume of 3,442,300. Liberty Global has a 52 week low of $19.24 and a 52 week high of $27.84. The company’s fifty day simple moving average is $23.92 and its 200 day simple moving average is $25.42. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.39 and a quick ratio of 0.39.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.50) earnings per share (EPS) for the quarter. Liberty Global had a net margin of 9.11% and a negative return on equity of 26.88%. The company had revenue of $2.85 billion during the quarter.

A number of hedge funds have recently made changes to their positions in the stock. Hi Line Capital Management LLC grew its stake in Liberty Global by 23.1% during the 3rd quarter. Hi Line Capital Management LLC now owns 496,164 shares of the company’s stock worth $11,804,000 after buying an additional 92,967 shares during the last quarter. River Road Asset Management LLC grew its stake in Liberty Global by 401.0% during the 3rd quarter. River Road Asset Management LLC now owns 118,098 shares of the company’s stock worth $2,810,000 after buying an additional 94,526 shares during the last quarter. Academy Capital Management Inc. TX grew its stake in Liberty Global by 1.6% during the 3rd quarter. Academy Capital Management Inc. TX now owns 595,809 shares of the company’s stock worth $14,221,000 after buying an additional 9,323 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Liberty Global by 757,250.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 15,147 shares of the company’s stock worth $360,000 after buying an additional 15,145 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Liberty Global by 15.8% during the 3rd quarter. SG Americas Securities LLC now owns 410,181 shares of the company’s stock worth $9,758,000 after buying an additional 55,957 shares during the last quarter. Hedge funds and other institutional investors own 58.55% of the company’s stock.

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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