Liberty Global (LBTYA) Given a $37.00 Price Target at Bank of America

Bank of America set a $37.00 price target on Liberty Global (NASDAQ:LBTYA) in a report published on Friday. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts also recently weighed in on LBTYA. Zacks Investment Research raised Liberty Global from a sell rating to a hold rating in a research report on Wednesday, July 25th. BidaskClub raised Liberty Global from a sell rating to a hold rating in a research report on Friday, August 3rd. HSBC set a $35.00 target price on Liberty Global and gave the stock a buy rating in a research report on Thursday, October 18th. UBS Group raised Liberty Global from a neutral rating to a buy rating and decreased their target price for the stock from $37.00 to $33.50 in a research report on Friday, August 24th. Finally, Pivotal Research reissued a buy rating and set a $35.00 target price on shares of Liberty Global in a research report on Tuesday, September 11th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $37.50.

Shares of NASDAQ:LBTYA traded down $0.40 during midday trading on Friday, hitting $25.12. The company’s stock had a trading volume of 2,084,287 shares, compared to its average volume of 2,112,118. The company has a market cap of $20.48 billion, a P/E ratio of -10.97 and a beta of 1.59. Liberty Global has a fifty-two week low of $23.17 and a fifty-two week high of $39.73. The company has a debt-to-equity ratio of 5.98, a quick ratio of 0.36 and a current ratio of 0.36.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Wednesday, November 7th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.83). Liberty Global had a negative return on equity of 27.88% and a negative net margin of 11.46%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.94 billion. As a group, equities analysts predict that Liberty Global will post -0.31 EPS for the current year.

In other Liberty Global news, CFO Charles H. R. Bracken sold 46,054 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $27.27, for a total transaction of $1,255,892.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.93% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its stake in shares of Liberty Global by 9.0% in the second quarter. FMR LLC now owns 5,234,821 shares of the company’s stock valued at $144,168,000 after acquiring an additional 431,286 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of Liberty Global by 1.1% in the second quarter. Gabelli Funds LLC now owns 1,516,957 shares of the company’s stock valued at $41,777,000 after acquiring an additional 16,000 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Liberty Global by 20.5% in the second quarter. Macquarie Group Ltd. now owns 1,223,866 shares of the company’s stock valued at $33,705,000 after acquiring an additional 208,107 shares during the last quarter. Wallace Capital Management Inc. bought a new position in shares of Liberty Global in the second quarter valued at approximately $26,302,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Liberty Global by 38.3% in the second quarter. Canada Pension Plan Investment Board now owns 837,427 shares of the company’s stock valued at $23,063,000 after acquiring an additional 231,962 shares during the last quarter. Hedge funds and other institutional investors own 21.87% of the company’s stock.

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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Analyst Recommendations for Liberty Global (NASDAQ:LBTYA)

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