Wall Street Zen Downgrades Liberty Global (NASDAQ:LBTYK) to Sell

Liberty Global (NASDAQ:LBTYK) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Liberty Global Price Performance

Liberty Global stock opened at $10.24 on Friday. The stock has a market capitalization of $3.49 billion, a PE ratio of -1.14 and a beta of 0.90. Liberty Global has a twelve month low of $9.30 and a twelve month high of $13.12. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average of $10.70 and a 200-day moving average of $11.34.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.34 billion.

Insiders Place Their Bets

In related news, Director J David Wargo sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the transaction, the director directly owned 53,876 shares of the company’s stock, valued at approximately $621,729.04. The trade was a 50.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Liberty Global

Large investors have recently made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Liberty Global in the 1st quarter worth about $42,000. Jones Financial Companies Lllp grew its position in shares of Liberty Global by 76,160.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock worth $46,000 after purchasing an additional 3,808 shares in the last quarter. AlphaCore Capital LLC grew its position in shares of Liberty Global by 180.7% during the 4th quarter. AlphaCore Capital LLC now owns 4,604 shares of the company’s stock worth $51,000 after purchasing an additional 2,964 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Liberty Global by 90.2% during the second quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock worth $53,000 after purchasing an additional 2,292 shares during the period. Finally, CWM LLC increased its holdings in shares of Liberty Global by 28.1% during the fourth quarter. CWM LLC now owns 5,855 shares of the company’s stock worth $65,000 after purchasing an additional 1,286 shares during the period. Institutional investors own 46.10% of the company’s stock.

Liberty Global Company Profile

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.