Liberty Global plc – Class A (NASDAQ:LBTYA) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 4,343,364 shares, a drop of 29.9% from the February 15th total of 6,192,583 shares. Based on an average daily volume of 3,313,226 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.7% of the company’s stock are short sold.
A number of analysts have issued reports on LBTYA shares. Morgan Stanley upgraded shares of Liberty Global plc – Class A from an “equal weight” rating to an “overweight” rating and set a $38.00 target price for the company in a research note on Wednesday, January 17th. Zacks Investment Research cut shares of Liberty Global plc – Class A from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. BidaskClub upgraded shares of Liberty Global plc – Class A from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. Pivotal Research reiterated a “buy” rating and issued a $44.00 target price on shares of Liberty Global plc – Class A in a research note on Tuesday, December 19th. Finally, Citigroup reduced their target price on shares of Liberty Global plc – Class A from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $41.50.
In other Liberty Global plc – Class A news, Director Richard R. Green sold 43,275 shares of Liberty Global plc – Class A stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $33.31, for a total value of $1,441,490.25. Following the completion of the sale, the director now directly owns 17,002 shares in the company, valued at $566,336.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Charles H. R. Bracken sold 14,525 shares of Liberty Global plc – Class A stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $21.11, for a total transaction of $306,622.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,911 shares of company stock valued at $3,887,646. 5.81% of the stock is currently owned by corporate insiders.
Liberty Global plc – Class A (NASDAQ:LBTYA) opened at $32.93 on Wednesday. Liberty Global plc – Class A has a 52-week low of $28.17 and a 52-week high of $39.73. The company has a market cap of $7,450.00, a P/E ratio of -14.38 and a beta of 1.67. The company has a debt-to-equity ratio of 5.95, a current ratio of 0.43 and a quick ratio of 0.43.
Liberty Global plc – Class A (NASDAQ:LBTYA) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.68) EPS for the quarter. Liberty Global plc – Class A had a negative net margin of 15.83% and a negative return on equity of 21.22%. The firm had revenue of $3.99 billion during the quarter. sell-side analysts forecast that Liberty Global plc – Class A will post 0.59 EPS for the current year.
Liberty Global plc – Class A declared that its board has approved a share buyback plan on Monday, December 18th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
About Liberty Global plc – Class A
Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.
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