Liberty Global (LBTYA) Rating Lowered to D at TheStreet

Liberty Global (NASDAQ:LBTYA) was downgraded by research analysts at TheStreet from a “c” rating to a “d” rating in a report released on Thursday.

Several other equities research analysts have also commented on LBTYA. BidaskClub raised shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Macquarie lowered shares of Liberty Global from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 11th. Zacks Investment Research raised shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. UBS Group raised shares of Liberty Global from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $37.00 to $33.50 in a research note on Friday, August 24th. Finally, Pivotal Research reissued a “buy” rating and set a $35.00 price objective on shares of Liberty Global in a research note on Tuesday, September 11th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. Liberty Global currently has a consensus rating of “Hold” and an average target price of $37.50.

NASDAQ:LBTYA traded down $0.40 during mid-day trading on Thursday, hitting $25.12. 2,084,287 shares of the company’s stock were exchanged, compared to its average volume of 2,112,118. Liberty Global has a one year low of $23.17 and a one year high of $39.73. The company has a debt-to-equity ratio of 5.98, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $20.48 billion, a P/E ratio of -10.97 and a beta of 1.59.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Wednesday, November 7th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.83). Liberty Global had a negative return on equity of 27.88% and a negative net margin of 11.46%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.94 billion. On average, equities research analysts expect that Liberty Global will post -0.31 earnings per share for the current fiscal year.

In other news, CFO Charles H. R. Bracken sold 46,054 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $27.27, for a total value of $1,255,892.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.93% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Liberty Global by 9.0% during the second quarter. FMR LLC now owns 5,234,821 shares of the company’s stock valued at $144,168,000 after purchasing an additional 431,286 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Liberty Global by 1.1% during the second quarter. Gabelli Funds LLC now owns 1,516,957 shares of the company’s stock valued at $41,777,000 after purchasing an additional 16,000 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of Liberty Global by 20.5% during the second quarter. Macquarie Group Ltd. now owns 1,223,866 shares of the company’s stock valued at $33,705,000 after purchasing an additional 208,107 shares during the last quarter. Wallace Capital Management Inc. purchased a new position in shares of Liberty Global during the second quarter valued at approximately $26,302,000. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Liberty Global by 38.3% during the second quarter. Canada Pension Plan Investment Board now owns 837,427 shares of the company’s stock valued at $23,063,000 after purchasing an additional 231,962 shares during the last quarter. 21.87% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Company Profile

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.

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Analyst Recommendations for Liberty Global (NASDAQ:LBTYA)

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