Liberty Global (LBTYA) Receives $39.90 Consensus Target Price from Analysts

Shares of Liberty Global (NASDAQ:LBTYA) have earned an average recommendation of “Buy” from the seventeen research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.90.

A number of research firms have commented on LBTYA. Barclays restated a “buy” rating and set a $39.00 price objective on shares of Liberty Global in a research note on Sunday, May 13th. Macquarie set a $36.00 price objective on Liberty Global and gave the stock a “buy” rating in a research note on Wednesday, May 9th. Pivotal Research restated a “buy” rating and set a $38.00 price objective on shares of Liberty Global in a research note on Friday, May 4th. ValuEngine upgraded Liberty Global from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, BidaskClub upgraded Liberty Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 28th.

Shares of NASDAQ LBTYA traded up $0.05 during trading hours on Monday, reaching $29.22. 2,423,512 shares of the stock were exchanged, compared to its average volume of 2,674,680. The firm has a market cap of $23.28 billion, a P/E ratio of -12.76, a price-to-earnings-growth ratio of 5.69 and a beta of 1.62. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 6.79. Liberty Global has a 52 week low of $28.00 and a 52 week high of $39.73.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.68) EPS for the quarter. Liberty Global had a negative return on equity of 35.66% and a negative net margin of 20.88%. The company had revenue of $3.99 billion for the quarter. analysts forecast that Liberty Global will post 0.54 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Liberty Global by 24.8% during the 1st quarter. BlackRock Inc. now owns 11,329,380 shares of the company’s stock worth $354,722,000 after buying an additional 2,250,934 shares during the period. Farallon Capital Management LLC lifted its holdings in Liberty Global by 44.1% during the 1st quarter. Farallon Capital Management LLC now owns 4,713,926 shares of the company’s stock worth $147,593,000 after buying an additional 1,443,746 shares during the period. Epoch Investment Partners Inc. lifted its holdings in Liberty Global by 1.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 2,946,065 shares of the company’s stock worth $92,241,000 after buying an additional 31,331 shares during the period. Hosking Partners LLP lifted its holdings in Liberty Global by 4.7% during the 1st quarter. Hosking Partners LLP now owns 1,383,596 shares of the company’s stock worth $43,320,000 after buying an additional 61,654 shares during the period. Finally, Northern Trust Corp lifted its holdings in Liberty Global by 2.0% during the 1st quarter. Northern Trust Corp now owns 1,054,383 shares of the company’s stock worth $33,012,000 after buying an additional 20,747 shares during the period. 23.21% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Liberty Global (NASDAQ:LBTYA)

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