Wall Street Zen Downgrades Liberty Global (NASDAQ:LILAK) to Buy

Liberty Global (NASDAQ:LILAK) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Other analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Wednesday, October 8th. Scotiabank upped their target price on Liberty Global from $5.10 to $8.20 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $8.20.

Liberty Global Stock Performance

NASDAQ LILAK opened at $8.94 on Friday. The company’s fifty day moving average is $8.30 and its two-hundred day moving average is $7.33. Liberty Global has a 52-week low of $4.23 and a 52-week high of $9.13. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -2.42 and a beta of 0.98.

Liberty Global (NASDAQ:LILAK) last released its earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. Liberty Global had a negative net margin of 16.57% and a negative return on equity of 46.60%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion.

Institutional Trading of Liberty Global

A number of large investors have recently bought and sold shares of LILAK. PNC Financial Services Group Inc. raised its stake in Liberty Global by 45.2% during the second quarter. PNC Financial Services Group Inc. now owns 5,773 shares of the company’s stock worth $36,000 after acquiring an additional 1,797 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Liberty Global by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock worth $985,000 after purchasing an additional 2,533 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Liberty Global by 33.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock worth $79,000 after purchasing an additional 3,150 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Liberty Global by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company’s stock valued at $478,000 after purchasing an additional 3,234 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Liberty Global by 1.7% during the 3rd quarter. Rhumbline Advisers now owns 205,107 shares of the company’s stock valued at $1,731,000 after purchasing an additional 3,483 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors.

Liberty Global Company Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.