Liberty Global PLC (NASDAQ:LBTYA) Receives Average Recommendation of “Hold” from Analysts

Liberty Global PLC (NASDAQ:LBTYA) has been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $31.20.

Several research analysts have recently weighed in on the company. Bank of America set a $25.00 target price on Bed Bath & Beyond and gave the stock a “buy” rating in a research note on Wednesday, April 10th. BidaskClub raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Thursday. Societe Generale set a $36.00 target price on Liberty Global and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Pivotal Research reaffirmed a “buy” rating and set a $31.00 target price on shares of Liberty Global in a research note on Sunday, June 30th. Finally, Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Monday, April 29th.

In other news, CEO Michael T. Fries sold 156,397 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $24.71, for a total transaction of $3,864,569.87. Following the completion of the transaction, the chief executive officer now directly owns 2,060,295 shares in the company, valued at approximately $50,909,889.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard R. Green sold 40,448 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $24.54, for a total value of $992,593.92. Following the transaction, the director now owns 15,993 shares of the company’s stock, valued at $392,468.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 234,951 shares of company stock valued at $5,806,909. 6.48% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC acquired a new position in Liberty Global during the 4th quarter worth about $26,000. NuWave Investment Management LLC lifted its stake in Liberty Global by 71.5% during the 1st quarter. NuWave Investment Management LLC now owns 1,024 shares of the company’s stock worth $26,000 after acquiring an additional 427 shares in the last quarter. Kinneret Advisory LLC acquired a new position in Liberty Global during the 4th quarter worth about $84,000. QS Investors LLC lifted its stake in Liberty Global by 21.1% during the 4th quarter. QS Investors LLC now owns 4,015 shares of the company’s stock worth $86,000 after acquiring an additional 700 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Liberty Global during the 1st quarter worth about $230,000. Institutional investors and hedge funds own 23.25% of the company’s stock.

NASDAQ LBTYA traded down $0.45 during trading hours on Friday, reaching $27.65. The stock had a trading volume of 3,435,483 shares, compared to its average volume of 1,514,203. The company’s fifty day moving average is $26.67. The stock has a market cap of $20.40 billion, a PE ratio of -14.04 and a beta of 1.50. Liberty Global has a 52-week low of $19.88 and a 52-week high of $29.55. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 6.85.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Monday, May 6th. The company reported ($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.36). Liberty Global had a net margin of 16.23% and a negative return on equity of 2.41%. The firm had revenue of $2.87 billion during the quarter. On average, equities analysts forecast that Liberty Global will post -0.82 earnings per share for the current fiscal year.

Liberty Global Company Profile

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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Analyst Recommendations for Liberty Global (NASDAQ:LBTYA)

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