Liberty Global (NASDAQ:LBTYA) Hits New 12-Month Low – What’s Next?

Liberty Global Ltd (NASDAQ:LBTYA) shares reached a new 52-week low on Monday. The company traded as low as $7.47 and last traded at $7.4750, with a volume of 1,425,465 shares. The stock had previously closed at $7.86.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Liberty Global to a “sell” rating in a research note on Saturday, October 17th. Barclays cut their price target on shares of Liberty Global from $10.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 20th. New Street Research upgraded Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 20th. UBS Group dropped their target price on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.78.

Liberty Global Trading Down 2.7%

The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $2.59 billion, a P/E ratio of -0.85 and a beta of 0.99. The business’s 50 day simple moving average is $9.56 and its 200-day simple moving average is $11.05.

Institutional Trading of Liberty Global

Several hedge funds have recently bought and sold shares of LBTYA. Asset Management One Co. Ltd. raised its holdings in shares of Liberty Global by 1,011.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,040 shares of the company’s stock valued at $174,000 after purchasing an additional 17,327 shares during the period. Seven Mile Advisory acquired a new position in Liberty Global in the 3rd quarter valued at approximately $198,000. Lancaster Investment Management acquired a new stake in shares of Liberty Global during the third quarter worth $34,336,000. State of Alaska Department of Revenue boosted its stake in Liberty Global by 31.4% during the third quarter. State of Alaska Department of Revenue now owns 15,348 shares of the company’s stock worth $140,000 after acquiring an additional 3,668 shares in the last quarter. Finally, State Street Corp raised its position in shares of Liberty Global by 8.4% during the second quarter. State Street Corp now owns 3,245,059 shares of the company’s stock worth $36,896,000 after purchasing an additional 251,727 shares during the period. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Company Profile

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

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.