Liberty Global Ltd. (NASDAQ:LBTYA) Receives $14.94 Average PT from Brokerages

Liberty Global Ltd. (NASDAQ:LBTYA) has been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $14.94.

LBTYA has been the subject of several analyst reports. Citigroup reduced their price target on shares of Liberty Global from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. UBS Group reduced their target price on shares of Liberty Global from $13.00 to $10.60 and set a “neutral” rating for the company in a research note on Monday, May 12th. Finally, Barclays set a $11.00 price objective on Liberty Global and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th.

Liberty Global Price Performance

Shares of LBTYA opened at $9.61 on Friday. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 2.29 and a beta of 1.23. The stock has a 50 day moving average of $10.25 and a 200-day moving average of $11.48. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. Liberty Global has a 52 week low of $9.03 and a 52 week high of $21.56.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) EPS for the quarter, missing the consensus estimate of ($0.83) by ($3.01). Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.09 billion. As a group, analysts forecast that Liberty Global will post -1.35 EPS for the current year.

Institutional Investors Weigh In On Liberty Global

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC lifted its stake in Liberty Global by 81.5% during the first quarter. CWM LLC now owns 2,285 shares of the company’s stock valued at $26,000 after buying an additional 1,026 shares in the last quarter. Blue Trust Inc. lifted its position in shares of 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 acquiring an additional 1,081 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Liberty Global in the 1st quarter valued at approximately $50,000. Spire Wealth Management purchased a new stake in shares of Liberty Global in the 4th quarter valued at approximately $59,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Liberty Global in the first quarter valued at $64,000. 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.