Liberty Global (NASDAQ:LBTYA) Price Target Raised to $12.60 at UBS Group

Liberty Global (NASDAQ:LBTYA) had its price target increased by UBS Group from $12.00 to $12.60 in a research report report published on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on the stock. Zacks Research downgraded shares of Liberty Global from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. Finally, Citigroup increased their price objective on shares of Liberty Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $14.40.

Liberty Global Stock Down 0.2%

Liberty Global stock opened at $12.09 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.08 and a current ratio of 1.08. The business’s 50-day simple moving average is $11.86 and its two-hundred day simple moving average is $11.36. The company has a market cap of $4.05 billion, a PE ratio of -0.58 and a beta of 1.02. Liberty Global has a fifty-two week low of $9.02 and a fifty-two week high of $13.52.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings data on Thursday, February 19th. The company reported ($8.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($8.14). Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%.The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Equities analysts anticipate that Liberty Global will post -1.35 EPS for the current year.

Institutional Trading of Liberty Global

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in Liberty Global by 801.7% in the first quarter. Royal Bank of Canada now owns 120,200 shares of the company’s stock valued at $1,383,000 after buying an additional 106,870 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Liberty Global during the 1st quarter worth about $64,000. Millennium Management LLC boosted its stake in shares of Liberty Global by 197.8% during the 1st quarter. Millennium Management LLC now owns 1,520,781 shares of the company’s stock worth $17,504,000 after acquiring an additional 1,010,118 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Liberty Global by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 451,847 shares of the company’s stock valued at $5,201,000 after acquiring an additional 98,182 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Liberty Global by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 188,707 shares of the company’s stock valued at $1,889,000 after purchasing an additional 12,692 shares in the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.

About Liberty Global

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.