Liberty Global (NASDAQ:LBTYA) Releases Quarterly Earnings Results

Liberty Global (NASDAQ:LBTYA) released its quarterly earnings results on Tuesday. The company reported ($3.95) EPS for the quarter, reports. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%. The business had revenue of $1.94 billion during the quarter.

Liberty Global Price Performance

Shares of NASDAQ LBTYA traded down $0.01 during mid-day trading on Thursday, reaching $20.00. The company had a trading volume of 152,783 shares, compared to its average volume of 1,723,308. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80. The stock has a market cap of $7.45 billion, a PE ratio of -3.09 and a beta of 1.17. The company has a 50-day moving average price of $20.38 and a two-hundred day moving average price of $18.60. Liberty Global has a 1-year low of $15.01 and a 1-year high of $21.56.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LBTYA. Deutsche Bank Aktiengesellschaft raised their price target on shares of Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Benchmark reissued a “buy” rating and set a $27.00 target price on shares of Liberty Global in a research note on Tuesday. Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and raised their price target for the company from $15.50 to $21.30 in a research note on Monday, August 12th. Finally, Citigroup started coverage on Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Liberty Global currently has an average rating of “Moderate Buy” and a consensus price target of $24.26.

Institutional Trading of Liberty Global

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Liberty Global by 63.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after purchasing an additional 601 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Liberty Global by 110.3% in the third quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock worth $39,000 after buying an additional 975 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Liberty Global in the second quarter worth about $75,000. Central Pacific Bank Trust Division acquired a new stake in shares of Liberty Global in the first quarter worth about $91,000. Finally, Whittier Trust Co. lifted its position in shares of Liberty Global by 21,707.3% in the second quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock worth $156,000 after buying an additional 8,900 shares during the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

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.