Liberty Global Ltd. (NASDAQ:LBTYA) Receives $24.26 Consensus Target Price from Brokerages

Shares of Liberty Global Ltd. (NASDAQ:LBTYA) have earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $24.26.

LBTYA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Benchmark reiterated a “buy” rating and set a $27.00 price target on shares of Liberty Global in a research note on Thursday, July 25th. Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $15.50 to $21.30 in a research note on Monday, August 12th. Finally, Citigroup started coverage on shares of Liberty Global in a report on Friday, August 9th. They issued a “buy” rating and a $25.00 price target on the stock.

Institutional Trading of Liberty Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LBTYA. Janney Montgomery Scott LLC purchased a new stake in Liberty Global during the fourth quarter worth about $452,000. Norges Bank purchased a new stake in shares of Liberty Global during the fourth quarter worth $73,550,000. Wells Fargo & Company MN raised its stake in shares of Liberty Global by 10.5% in the fourth quarter. Wells Fargo & Company MN now owns 533,309 shares of the company’s stock valued at $9,477,000 after acquiring an additional 50,789 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Liberty Global by 168.4% in the fourth quarter. Hsbc Holdings PLC now owns 97,621 shares of the company’s stock valued at $1,726,000 after purchasing an additional 61,244 shares during the period. Finally, Artisan Partners Limited Partnership grew its stake in Liberty Global by 0.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 14,141,397 shares of the company’s stock worth $251,293,000 after purchasing an additional 80,267 shares in the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYA opened at $20.69 on Friday. The firm’s 50 day simple moving average is $19.35 and its 200-day simple moving average is $17.87. The firm has a market cap of $7.71 billion, a PE ratio of -3.20 and a beta of 1.16. Liberty Global has a one year low of $15.01 and a one year high of $20.89. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.34.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.71 earnings per share (EPS) for the quarter. The company had revenue of $1.87 billion for the quarter. Liberty Global had a negative net margin of 27.03% and a negative return on equity of 10.72%. As a group, equities analysts predict that Liberty Global will post -0.61 EPS for the current year.

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.