UBS Group Cuts Liberty Global (NASDAQ:LBTYA) Price Target to $10.60

Liberty Global (NASDAQ:LBTYA) had its price target lowered by UBS Group from $13.00 to $10.60 in a report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on LBTYA. Deutsche Bank Aktiengesellschaft reduced their price target on Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Barclays set a $11.00 price objective on Liberty Global and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Finally, Sanford C. Bernstein downgraded Liberty Global from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $24.70 to $12.40 in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.94.

Liberty Global Trading Up 7.6%

Shares of Liberty Global stock opened at $9.77 on Monday. Liberty Global has a fifty-two week low of $9.03 and a fifty-two week high of $21.56. The firm has a market cap of $3.38 billion, a PE ratio of 2.33 and a beta of 1.23. The business’s fifty day moving average is $10.75 and its two-hundred day moving average is $12.38. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.83) by ($3.01). Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Analysts anticipate that Liberty Global will post -1.35 earnings per share for the current year.

Institutional Trading of Liberty Global

Large investors have recently added to or reduced their stakes in the stock. CWM LLC increased its holdings in Liberty Global by 81.5% in the 1st quarter. CWM LLC now owns 2,285 shares of the company’s stock valued at $26,000 after purchasing an additional 1,026 shares in the last quarter. Blue Trust Inc. increased its holdings in Liberty Global by 58.1% in the 4th quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $38,000 after purchasing an additional 1,081 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Liberty Global in the 1st quarter valued at $50,000. Spire Wealth Management acquired a new stake in Liberty Global in the 4th quarter valued at $59,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Liberty Global in the 4th quarter valued at $73,000. 37.20% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Global

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.