Liberty Global (NASDAQ:LBTYA) Sets New 1-Year Low – Here’s Why

Liberty Global Ltd (NASDAQ:LBTYA)’s stock price hit a new 52-week low on Thursday. The company traded as low as $8.77 and last traded at $8.7750, with a volume of 1219375 shares. The stock had previously closed at $9.10.

Analysts Set New Price Targets

Several research firms have recently commented on LBTYA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. Barclays dropped their price objective on shares of Liberty Global from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 18th. Finally, UBS Group decreased their target price on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.22.

Liberty Global Trading Down 2.6%

The business’s 50 day moving average price is $10.24 and its two-hundred day moving average price is $11.15. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of -0.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. Equities analysts forecast that Liberty Global Ltd will post -1.54 earnings per share for the current fiscal year.

Institutional Trading of Liberty Global

Several institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC grew its stake in shares of Liberty Global by 94.8% in the 2nd quarter. Squarepoint Ops LLC now owns 349,916 shares of the company’s stock worth $3,979,000 after purchasing an additional 170,328 shares during the last quarter. State Street Corp lifted its stake in Liberty Global by 8.4% during the second quarter. State Street Corp now owns 3,245,059 shares of the company’s stock valued at $36,896,000 after purchasing an additional 251,727 shares during the last quarter. Amundi bought a new stake in Liberty Global during the first quarter worth approximately $6,196,000. Bank of New York Mellon Corp bought a new stake in Liberty Global during the second quarter worth approximately $3,529,000. Finally, Bank of America Corp DE increased its holdings in shares of Liberty Global by 16.4% in the first quarter. Bank of America Corp DE now owns 675,086 shares of the company’s stock valued at $8,162,000 after buying an additional 95,244 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line voice and television businesses. Its services generally include high-speed internet, wireless connectivity, digital television, streaming and related communications products for residential and business customers.

The company has operations and strategic interests across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, while Liberty Global also holds significant joint-venture interests in Virgin Media O2 in the United Kingdom and VodafoneZiggo in the Netherlands.