Liberty Global (NASDAQ:LBTYA) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Liberty Global (NASDAQ:LBTYA) to a hold rating in a report published on Thursday,Zacks.com reports.

Several other equities analysts have also commented on LBTYA. Citigroup lowered their price objective on Liberty Global from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. UBS Group lowered their price objective on Liberty Global from $13.00 to $10.60 and set a “neutral” rating for the company in a research report on Monday, May 12th. Finally, Barclays set a $11.00 price objective on Liberty Global and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.94.

Liberty Global Stock Performance

Shares of LBTYA stock opened at $9.90 on Thursday. The stock has a fifty day moving average of $9.88 and a 200 day moving average of $11.01. Liberty Global has a 52 week low of $9.03 and a 52 week high of $21.56. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of -10.21 and a beta of 1.14. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.64.

Liberty Global (NASDAQ:LBTYA) last announced 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). The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Global had a negative return on equity of 1.15% and a negative net margin of 4.25%. As a group, research analysts expect that Liberty Global will post -1.35 earnings per share for the current year.

Institutional Investors Weigh In On Liberty Global

Several large investors have recently bought and sold shares of LBTYA. Private Advisor Group LLC increased its holdings in Liberty Global by 62.3% in the 4th quarter. Private Advisor Group LLC now owns 18,040 shares of the company’s stock worth $230,000 after buying an additional 6,927 shares in the last quarter. Handelsbanken Fonder AB purchased a new position in Liberty Global in the fourth quarter worth about $812,000. Y Intercept Hong Kong Ltd purchased a new position in Liberty Global in the fourth quarter worth about $283,000. Bank of New York Mellon Corp boosted its position in Liberty Global by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 470,132 shares of the company’s stock worth $5,999,000 after purchasing an additional 1,615 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in Liberty Global by 44.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 98,222 shares of the company’s stock worth $1,253,000 after purchasing an additional 30,190 shares during the last quarter. 37.20% of the stock is currently owned by institutional investors.

Liberty Global Company Profile

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.