Jefferies Financial Group lowered shares of Liberty Global (NASDAQ:LBTYA) from a buy rating to a hold rating in a research report report published on Tuesday, BenzingaRatingsTable reports. The firm currently has $23.00 price target on the stock, down from their previous price target of $33.00.
Several other equities research analysts have also commented on the company. Barclays lowered Liberty Global from an equal weight rating to an underweight rating in a research report on Wednesday, November 27th. HSBC lowered Liberty Global from a buy rating to a hold rating and set a $28.00 target price on the stock. in a research report on Thursday, October 17th. Zacks Investment Research raised Liberty Global from a hold rating to a buy rating and set a $26.00 price target on the stock in a research note on Monday, November 11th. Goldman Sachs Group assumed coverage on Liberty Global in a research note on Wednesday, January 15th. They set a neutral rating and a $24.00 price target on the stock. Finally, Benchmark dropped their price target on Liberty Global from $32.00 to $29.00 and set a buy rating on the stock in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $26.65.
Shares of Liberty Global stock opened at $20.34 on Tuesday. Liberty Global has a one year low of $20.22 and a one year high of $28.62. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s 50-day moving average is $21.95 and its 200 day moving average is $24.70. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 1.13 and a beta of 1.37.
Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.16 by $0.61. Liberty Global had a negative return on equity of 1.75% and a net margin of 112.38%. The company had revenue of $2.84 billion for the quarter. On average, sell-side analysts expect that Liberty Global will post -1.06 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Coastal Investment Advisors Inc. raised its stake in shares of Liberty Global by 24.9% in the third quarter. Coastal Investment Advisors Inc. now owns 3,510 shares of the company’s stock worth $85,000 after purchasing an additional 700 shares during the last quarter. First Quadrant L P CA purchased a new stake in shares of Liberty Global in the third quarter worth approximately $116,000. Point72 Hong Kong Ltd raised its stake in shares of Liberty Global by 107.7% in the second quarter. Point72 Hong Kong Ltd now owns 8,740 shares of the company’s stock worth $236,000 after purchasing an additional 4,531 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Liberty Global in the second quarter worth approximately $338,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Liberty Global in the second quarter worth approximately $585,000. 24.46% of the stock is currently owned by institutional investors and hedge funds.
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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