Liberty Global plc (NASDAQ:LBTYA) Given Average Rating of “Buy” by Analysts

Shares of Liberty Global plc (NASDAQ:LBTYAGet Rating) have been given a consensus rating of “Buy” by the eight brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $36.22.

Several research firms have weighed in on LBTYA. Credit Suisse Group raised Liberty Global from a “neutral” rating to an “outperform” rating and upped their target price for the company from $26.00 to $35.00 in a report on Thursday, March 24th. Bank of America lowered their target price on Liberty Global from $54.50 to $52.50 and set a “buy” rating on the stock in a report on Wednesday, March 9th. Finally, Barclays lowered their target price on Liberty Global from $31.00 to $28.00 in a report on Thursday, May 12th.

NASDAQ:LBTYA opened at $25.02 on Friday. The firm has a market cap of $13.08 billion, a P/E ratio of 1.08 and a beta of 1.17. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55. The stock’s 50 day simple moving average is $24.28 and its 200-day simple moving average is $26.14. Liberty Global has a 12-month low of $21.41 and a 12-month high of $30.58.

Liberty Global (NASDAQ:LBTYAGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $2.06. Liberty Global had a return on equity of 16.37% and a net margin of 148.96%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.91 billion. Research analysts forecast that Liberty Global will post -0.65 EPS for the current fiscal year.

In other Liberty Global news, EVP Bryan H. Hall sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $24.22, for a total transaction of $726,600.00. Following the completion of the sale, the executive vice president now directly owns 175,984 shares in the company, valued at $4,262,332.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bryan H. Hall sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $24.21, for a total transaction of $484,200.00. Following the sale, the executive vice president now owns 155,984 shares of the company’s stock, valued at $3,776,372.64. The disclosure for this sale can be found here. Insiders sold 191,690 shares of company stock worth $4,823,797 in the last 90 days. 9.41% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of LBTYA. Norges Bank acquired a new position in shares of Liberty Global during the fourth quarter worth $83,170,000. Boston Partners raised its holdings in Liberty Global by 41.1% in the fourth quarter. Boston Partners now owns 6,738,695 shares of the company’s stock valued at $186,932,000 after acquiring an additional 1,961,608 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in Liberty Global in the fourth quarter valued at $48,545,000. Border to Coast Pensions Partnership Ltd acquired a new stake in Liberty Global in the first quarter valued at $30,403,000. Finally, Kiltearn Partners LLP acquired a new stake in Liberty Global in the fourth quarter valued at $39,491,000. 28.05% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Company Profile (Get Rating)

Liberty Global plc, 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 intelligent WiFi features; security; smart home, online storage solutions, and Web spaces; Connect Box, a set-top or Horizon box that delivers in-home Wi-Fi service; community Wi-Fi via routers in home, which provides access to the internet; and public Wi-Fi access points in train stations, hotels, bars, restaurants, and other public places.

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Analyst Recommendations for Liberty Global (NASDAQ:LBTYA)

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