Liberty Global (NASDAQ:LBTYA) Stock Price Target Cut by Barclays

Liberty Global (NASDAQ:LBTYA) had its target price decreased by equities research analysts at Barclays from $10.00 to $7.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential downside of 6.67% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. New Street Research raised shares of Liberty Global to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday. UBS Group dropped their target price on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Liberty Global to a “sell” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Liberty Global has a consensus rating of “Hold” and a consensus target price of $12.78.

Liberty Global Price Performance

Liberty Global stock opened at $7.50 on Tuesday. Liberty Global has a 52 week low of $7.48 and a 52 week high of $13.52. The business has a 50-day simple moving average of $9.86 and a 200 day simple moving average of $10.94. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -0.84 and a beta of 0.99.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.34 billion. On average, research analysts forecast that Liberty Global will post -1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Liberty Global

A number of hedge funds have recently made changes to their positions in the business. Allworth Financial LP raised its position in Liberty Global by 42.1% in the 2nd quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock worth $52,000 after purchasing an additional 1,360 shares during the period. PNC Financial Services Group Inc. boosted its position in Liberty Global by 54.2% during the first quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company’s stock valued at $74,000 after buying an additional 2,137 shares during the period. Trust Co. of Vermont purchased a new stake in Liberty Global during the second quarter valued at about $76,000. Integrated Wealth Concepts LLC grew its stake in shares of Liberty Global by 26.3% during the second quarter. Integrated Wealth Concepts LLC now owns 14,042 shares of the company’s stock valued at $160,000 after buying an additional 2,926 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Liberty Global by 48.4% during the first quarter. Royal Bank of Canada now owns 15,161 shares of the company’s stock valued at $183,000 after buying an additional 4,947 shares during the last quarter. 37.20% of the stock is currently owned by institutional investors.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.