Liberty Global (NASDAQ:LILAK) Cut to “Hold” at Wall Street Zen

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

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $8.20.

Liberty Global Trading Up 3.2%

Liberty Global stock opened at $8.08 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The firm has a 50-day moving average price of $7.84 and a two-hundred day moving average price of $7.95. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -2.19 and a beta of 0.99. Liberty Global has a 52-week low of $4.23 and a 52-week high of $9.13.

Liberty Global (NASDAQ:LILAK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative net margin of 16.57% and a negative return on equity of 54.11%.

Institutional Investors Weigh In On Liberty Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Liberty Global during the 2nd quarter valued at about $30,000. PNC Financial Services Group Inc. lifted 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 valued at $36,000 after purchasing an additional 1,797 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Liberty Global in the third quarter worth approximately $50,000. Headlands Technologies LLC grew its position in Liberty Global by 85.9% in the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after buying an additional 3,934 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Liberty Global in the second quarter valued at $66,000. 52.98% of the stock is currently owned by institutional investors.

About Liberty Global

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.