Citigroup Cuts Liberty Global (NASDAQ:LBTYA) Price Target to $11.00

Liberty Global (NASDAQ:LBTYA) had its target price decreased by stock analysts at Citigroup from $13.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 13.70% from the stock’s current price.

A number of other research firms have also recently weighed in on LBTYA. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. UBS Group lowered their target price on shares of Liberty Global from $13.00 to $10.60 and set a “neutral” rating on the stock in a research note on Monday, May 12th. Finally, Barclays set a $11.00 price target on shares of Liberty Global and gave the company an “equal weight” rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Liberty Global presently has a consensus rating of “Hold” and a consensus target price of $14.94.

Liberty Global Stock Down 1.1%

Shares of NASDAQ LBTYA traded down $0.11 on Wednesday, reaching $9.68. 504,126 shares of the company’s stock traded hands, compared to its average volume of 2,110,210. Liberty Global has a 12 month low of $9.03 and a 12 month high of $21.56. The business’s 50 day simple moving average is $10.41 and its two-hundred day simple moving average is $11.67. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 2.31 and a beta of 1.23. 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 posted its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) EPS for the quarter, missing analysts’ consensus estimates of ($0.83) by ($3.01). Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.09 billion. As a group, equities research analysts forecast that Liberty Global will post -1.35 EPS for the current fiscal year.

Institutional Trading of Liberty Global

A number of hedge funds and other institutional investors have recently made changes to their positions in LBTYA. SageView Advisory Group LLC acquired a new stake in Liberty Global during the first quarter valued at $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Liberty Global by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,865,128 shares of the company’s stock valued at $55,998,000 after buying an additional 20,771 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Liberty Global by 27.8% during the first quarter. Goldman Sachs Group Inc. now owns 451,847 shares of the company’s stock valued at $5,201,000 after purchasing an additional 98,182 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Liberty Global during the first quarter valued at $652,000. Finally, Millennium Management LLC lifted its holdings in Liberty Global by 197.8% during the first quarter. Millennium Management LLC now owns 1,520,781 shares of the company’s stock valued at $17,504,000 after purchasing an additional 1,010,118 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

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.