BidaskClub Lowers Liberty Global (NASDAQ:LBTYA) to Sell

BidaskClub lowered shares of Liberty Global (NASDAQ:LBTYA) from a hold rating to a sell rating in a research note released on Thursday morning, BidAskClub reports.

A number of other analysts have also recently commented on the company. Societe Generale set a $36.00 price target on Liberty Global and gave the stock a buy rating in a research report on Wednesday, July 3rd. Zacks Investment Research raised Triple-S Management from a hold rating to a buy rating and set a $26.00 price target on the stock in a research report on Monday, April 29th. Bank of America set a $25.00 price objective on shares of Bed Bath & Beyond and gave the stock a buy rating in a report on Wednesday, April 10th. Finally, Pivotal Research restated a buy rating and issued a $31.00 price objective on shares of Liberty Global in a report on Sunday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Liberty Global presently has a consensus rating of Hold and an average target price of $31.33.

Shares of LBTYA opened at $27.65 on Thursday. The company has a debt-to-equity ratio of 6.85, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a 50 day moving average of $26.67. Liberty Global has a 52 week low of $19.88 and a 52 week high of $29.55. The company has a market cap of $20.40 billion, a PE ratio of -14.04 and a beta of 1.50.

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

In other Liberty Global news, EVP Bryan H. Hall sold 2,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $25.18, for a total transaction of $50,360.00. Following the completion of the sale, the executive vice president now directly owns 167,138 shares in the company, valued at approximately $4,208,534.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael T. Fries sold 156,397 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $24.71, for a total transaction of $3,864,569.87. Following the sale, the chief executive officer now owns 2,060,295 shares of the company’s stock, valued at $50,909,889.45. 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.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund bought a new position in Liberty Global during the fourth quarter worth about $1,941,000. Raymond James & Associates boosted its holdings in Liberty Global by 16.9% during the fourth quarter. Raymond James & Associates now owns 62,298 shares of the company’s stock worth $1,329,000 after buying an additional 8,992 shares during the last quarter. Northern Trust Corp boosted its holdings in Liberty Global by 4.1% during the fourth quarter. Northern Trust Corp now owns 875,417 shares of the company’s stock worth $18,682,000 after buying an additional 34,308 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Liberty Global by 42.9% during the fourth quarter. Hsbc Holdings PLC now owns 29,319 shares of the company’s stock worth $626,000 after buying an additional 8,797 shares during the last quarter. Finally, United Services Automobile Association boosted its holdings in Liberty Global by 2.3% during the fourth quarter. United Services Automobile Association now owns 85,959 shares of the company’s stock worth $1,834,000 after buying an additional 1,959 shares during the last quarter. Institutional investors and hedge funds own 23.25% of the company’s stock.

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.

Read More: What is a front-end load?

Analyst Recommendations for Liberty Global (NASDAQ:LBTYA)

Receive News & Ratings for Liberty Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global and related companies with MarketBeat.com's FREE daily email newsletter.