Media stories about Liberty Global (NASDAQ:LBTYK) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Liberty Global earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.7625825183477 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, ValuEngine downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st.
LBTYK stock traded up $0.67 during trading on Tuesday, reaching $30.41. The company had a trading volume of 3,274,349 shares, compared to its average volume of 3,006,438. Liberty Global has a 52 week low of $27.36 and a 52 week high of $37.86. 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 declared that its board has initiated a share buyback program on Monday, December 18th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
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About Liberty Global
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.
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