Liberty Global (NASDAQ:LBTYA) downgraded to C+ at TheStreet
Liberty Global (NASDAQ:LBTYA) was downgraded by TheStreet from a “b” rating to a “c+” rating in a report released on Friday, reports TheStreetRatingsTable.
Separately, Zacks Investment Research upgraded Liberty Global from a “hold” to a “sell” rating and set a price target of $31.00 for the stock. in a research report on Tuesday, October 5. One equity research analyst has assigned the stock a sell rating, one has assigned a hold rating and three have assigned the stock a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.20.
The NASDAQ LBTYA opened at $26.48 on Friday. The company has a debt ratio of 0.55, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market capitalization of $14.38 billion, a PE ratio of 1.28 and a beta of 1.21. Liberty Global has a 1-year low of $23.19 and a 1-year high of $30.58. The company’s 50-day moving average is $27.72 and its 200-day moving average is $28.09.
Liberty Global Inc (NASDAQ:LBTYA) last reported results on Wednesday, November 3. The company reported earnings per share (EPS) of $0.48 for the quarter, beating Thomson Reuters consensus estimate of $0.57 ($0.57) by $1.05. The company posted revenue of $1.90 billion for the quarter, versus $2.01 billion expected by analysts. Liberty Global had a return on equity of 14.99% and a net margin of 97.60%. As a group, equity research analysts expect Liberty Global to post earnings per share of 2.63 for the current year.
Separately, CFO Charles HR Bracken sold 18,265 shares of the company in a trade that took place on Tuesday, December 7. The shares were sold at an average price of $27.50, for a total value of $502,287.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, SVP Andrea Salvato sold 47,500 shares of the company in a trade that took place on Monday, December 6. The stock was sold at an average price of $27.89, for a total transaction of $1,324,775.00. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 79,865 shares of the company valued at $2,226,516. 9.41% of the shares are held by insiders of the company.
A number of institutional investors and hedge funds have recently changed their positions in the company. Artisan Partners Limited Partnership purchased a new stake in Liberty Global during Q3 at a value of $203,615,000. BlackRock Inc. increased its stake in shares of Liberty Global by 6.0% in the 2nd quarter. BlackRock Inc. now owns 5,892,035 shares of the company worth $160,028,000 after purchasing an additional 333,959 shares in the last quarter. Boston Partners bought a new stake in shares of Liberty Global in Q3 at a value of $142,357,000. Naya Capital Management UK Ltd. increased its stake in Liberty Global shares by 2.0% in Q3. Naya Capital Management UK Ltd. now owns 3,526,877 shares of the company worth $105,101,000 after purchasing an additional 69,668 shares last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Liberty Global by 2.0% in the 2nd quarter. Renaissance Technologies LLC now owns 3,492,014 shares of the company worth $94,843,000 after purchasing an additional 69,600 shares last quarter. Institutional investors and hedge funds hold 27.63% of the company’s shares.
About Liberty Global
Liberty Global Plc is an international television and broadband company, which provides broadband communication services. It operates through the following geographic segments: United Kingdom and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms and TV content.
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