Liberty Global (NASDAQ:LBTYK) Upgraded at BidaskClub

BidaskClub upgraded shares of Liberty Global (NASDAQ:LBTYK) from a hold rating to a buy rating in a report published on Tuesday, BidAskClub reports.

Separately, Evercore ISI restated a buy rating and issued a $33.00 price target on shares of Liberty Global in a report on Thursday, August 8th.

Liberty Global stock opened at $26.30 on Tuesday. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.39 and a quick ratio of 0.39. The business’s fifty day moving average is $26.05 and its two-hundred day moving average is $25.85. Liberty Global has a 52 week low of $19.24 and a 52 week high of $28.77.

Liberty Global (NASDAQ:LBTYK) last released its earnings results on Thursday, August 8th. The company reported ($0.50) earnings per share for the quarter. The firm had revenue of $2.85 billion for the quarter. Liberty Global had a negative return on equity of 26.88% and a net margin of 9.11%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Bank of Australia boosted its holdings in shares of Liberty Global by 9.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 7,186 shares of the company’s stock valued at $188,000 after purchasing an additional 594 shares in the last quarter. Scotia Capital Inc. lifted its holdings in Liberty Global by 1.3% during the 2nd quarter. Scotia Capital Inc. now owns 46,012 shares of the company’s stock worth $1,221,000 after buying an additional 601 shares during the period. Keybank National Association OH lifted its holdings in Liberty Global by 1.6% during the 1st quarter. Keybank National Association OH now owns 39,852 shares of the company’s stock worth $965,000 after buying an additional 629 shares during the period. MAI Capital Management lifted its holdings in Liberty Global by 3.4% during the 2nd quarter. MAI Capital Management now owns 21,194 shares of the company’s stock worth $562,000 after buying an additional 695 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Liberty Global by 0.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 93,907 shares of the company’s stock worth $2,492,000 after acquiring an additional 710 shares in the last quarter. Institutional investors own 58.71% of the company’s stock.

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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