Liberty Global (NASDAQ:LBTYK) Share Price Breaks Above 50-Day Moving Average – What’s Next?

Liberty Global Ltd (NASDAQ:LBTYK) shares crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $9.07 and traded as high as $9.36. Liberty Global shares last traded at $9.34, with a volume of 3,939,496 shares.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 16th. Wall Street Zen lowered shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Liberty Global Trading Up 10.8%

The company has a fifty day moving average of $9.07 and a two-hundred day moving average of $10.71. 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 stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of -1.26 and a beta of 1.00.

Liberty Global (NASDAQ:LBTYK) last released its earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.64. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Liberty Global had a negative return on equity of 25.59% and a negative net margin of 44.40%.

Institutional Investors Weigh In On Liberty Global

Several institutional investors have recently modified their holdings of LBTYK. Envestnet Asset Management Inc. increased its stake in Liberty Global by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company’s stock valued at $40,783,000 after purchasing an additional 127,220 shares in the last quarter. Janus Henderson Group PLC boosted its position in Liberty Global by 299.2% during the first quarter. Janus Henderson Group PLC now owns 251,900 shares of the company’s stock worth $2,954,000 after purchasing an additional 188,800 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Liberty Global during the third quarter worth $8,833,000. ACR Alpine Capital Research LLC grew its holdings in Liberty Global by 7.3% in the first quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock valued at $80,757,000 after purchasing an additional 467,869 shares during the last quarter. Finally, Capula Management Ltd increased its position in shares of Liberty Global by 388.3% in the first quarter. Capula Management Ltd now owns 210,109 shares of the company’s stock valued at $2,465,000 after buying an additional 167,080 shares in the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global’s principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.