Liberty Global (NASDAQ:LBTYA) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Liberty Global Ltd (NASDAQ:LBTYA)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.41 and traded as high as $12.68. Liberty Global shares last traded at $12.39, with a volume of 1,793,321 shares changing hands.

Wall Street Analyst Weigh In

LBTYA has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. UBS Group raised their target price on Liberty Global from $12.00 to $12.60 and gave the stock a “neutral” rating in a research note on Tuesday, March 31st. Finally, Zacks Research cut Liberty Global from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $14.40.

Liberty Global Stock Performance

The firm has a 50 day simple moving average of $12.22 and a 200-day simple moving average of $11.43. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $4.21 billion, a price-to-earnings ratio of -0.60 and a beta of 1.01.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Thursday, February 19th. The company reported ($8.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($8.14). Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%.The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. As a group, analysts predict that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Global

Institutional investors have recently modified their holdings of the company. Clearline Capital LP acquired a new stake in shares of Liberty Global in the third quarter valued at $2,059,000. Gamco Investors INC. ET AL grew its stake in shares of Liberty Global by 12.3% in the third quarter. Gamco Investors INC. ET AL now owns 1,902,389 shares of the company’s stock valued at $21,801,000 after buying an additional 208,307 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Liberty Global by 38.3% in the third quarter. American Century Companies Inc. now owns 2,936,165 shares of the company’s stock valued at $33,648,000 after buying an additional 813,798 shares in the last quarter. ACR Alpine Capital Research LLC grew its stake in shares of Liberty Global by 3.5% in the third quarter. ACR Alpine Capital Research LLC now owns 21,237,740 shares of the company’s stock valued at $243,384,000 after buying an additional 719,589 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of Liberty Global in the third quarter valued at $5,188,000. 37.20% of the stock is owned by institutional investors and hedge funds.

Liberty Global Company Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.