Brokerages Set Liberty Global Ltd. (NASDAQ:LBTYA) Price Target at $24.26

Liberty Global Ltd. (NASDAQ:LBTYA) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $24.26.

A number of brokerages recently issued reports on LBTYA. Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $15.50 to $21.30 in a report on Monday, August 12th. Benchmark reiterated a “buy” rating and set a $27.00 price target on shares of Liberty Global in a research note on Thursday, July 25th. Citigroup assumed coverage on Liberty Global in a research note on Friday, August 9th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 12th.

Institutional Investors Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently modified their holdings of LBTYA. ACR Alpine Capital Research LLC raised its stake in shares of Liberty Global by 375.4% in the first quarter. ACR Alpine Capital Research LLC now owns 2,744,184 shares of the company’s stock valued at $46,432,000 after purchasing an additional 2,166,932 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Liberty Global by 100.5% in the 1st quarter. GSA Capital Partners LLP now owns 112,688 shares of the company’s stock valued at $1,907,000 after buying an additional 56,491 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in shares of Liberty Global by 271.8% during the 4th quarter. Nomura Holdings Inc. now owns 74,369 shares of the company’s stock worth $1,322,000 after acquiring an additional 54,369 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Liberty Global during the 1st quarter valued at about $2,029,000. Finally, Scientech Research LLC acquired a new stake in Liberty Global during the second quarter valued at approximately $1,390,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Stock Performance

Shares of LBTYA stock opened at $20.93 on Wednesday. The firm has a market cap of $7.80 billion, a P/E ratio of -3.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.34 and a quick ratio of 1.34. Liberty Global has a fifty-two week low of $15.01 and a fifty-two week high of $21.56. The stock’s 50-day moving average is $20.08 and its two-hundred day moving average is $18.40.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.71 earnings per share for the quarter. The firm had revenue of $1.87 billion for the quarter. Liberty Global had a negative net margin of 27.03% and a negative return on equity of 10.72%. Analysts predict that Liberty Global will post -0.61 earnings per share for the current fiscal year.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.