Liberty Global (NASDAQ:LBTYA) Lowered to Sell at BidaskClub

BidaskClub downgraded shares of Liberty Global (NASDAQ:LBTYA) from a hold rating to a sell rating in a report published on Thursday, BidAskClub reports.

Other analysts have also recently issued reports about the company. Societe Generale set a $36.00 price target on Liberty Global and gave the stock a buy rating in a report on Wednesday, July 3rd. Bank of America set a $25.00 price target on Bed Bath & Beyond and gave the stock a buy rating in a report on Wednesday, April 10th. Pivotal Research restated a buy rating and set a $31.00 price target on shares of Liberty Global in a report on Sunday, June 30th. Finally, Zacks Investment Research upgraded Triple-S Management from a hold rating to a buy rating and set a $26.00 price target on the stock in a report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $31.33.

Shares of NASDAQ LBTYA opened at $27.65 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 6.85. Liberty Global has a 52 week low of $19.88 and a 52 week high of $29.55. The company has a market capitalization of $20.40 billion, a PE ratio of -14.04 and a beta of 1.50. The stock has a fifty day moving average of $26.67.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.36). Liberty Global had a negative return on equity of 2.41% and a net margin of 16.23%. The company had revenue of $2.87 billion during the quarter. Research analysts anticipate that Liberty Global will post -0.82 earnings per share for the current year.

In related news, CEO Michael T. Fries sold 156,397 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $24.71, for a total transaction of $3,864,569.87. Following the completion of the sale, the chief executive officer now owns 2,060,295 shares in the company, valued at $50,909,889.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard R. Green sold 40,448 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $24.54, for a total value of $992,593.92. Following the sale, the director now owns 15,993 shares of the company’s stock, valued at approximately $392,468.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 234,951 shares of company stock valued at $5,806,909. Corporate insiders own 6.48% of the company’s stock.

A number of institutional investors have recently made changes to their positions in LBTYA. New York State Common Retirement Fund bought a new stake in Liberty Global during the 4th quarter worth approximately $1,941,000. Raymond James & Associates increased its stake in Liberty Global by 16.9% during the 4th quarter. Raymond James & Associates now owns 62,298 shares of the company’s stock worth $1,329,000 after purchasing an additional 8,992 shares in the last quarter. Northern Trust Corp increased its stake in Liberty Global by 4.1% during the 4th quarter. Northern Trust Corp now owns 875,417 shares of the company’s stock worth $18,682,000 after purchasing an additional 34,308 shares in the last quarter. Hsbc Holdings PLC increased its stake in Liberty Global by 42.9% during the 4th quarter. Hsbc Holdings PLC now owns 29,319 shares of the company’s stock worth $626,000 after purchasing an additional 8,797 shares in the last quarter. Finally, United Services Automobile Association increased its stake in Liberty Global by 2.3% during the 4th quarter. United Services Automobile Association now owns 85,959 shares of the company’s stock worth $1,834,000 after purchasing an additional 1,959 shares in the last quarter. Institutional investors and hedge funds own 23.25% 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.

Read More: Price to Earnings Ratio (PE)

Analyst Recommendations for Liberty Global (NASDAQ:LBTYA)

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