Barclays Lowers Liberty Global (NASDAQ:LBTYA) to Underweight

Barclays downgraded shares of Liberty Global (NASDAQ:LBTYA) from an equal weight rating to an underweight rating in a report published on Wednesday morning, Benzinga reports.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Liberty Global from a hold rating to a buy rating and set a $26.00 price objective for the company in a research report on Monday, November 11th. Citigroup cut Liberty Global from a buy rating to a sell rating and reduced their price objective for the company from $31.00 to $25.00 in a research report on Friday, September 20th. Benchmark reduced their price objective on Liberty Global from $34.00 to $32.00 and set a buy rating for the company in a research report on Wednesday, October 23rd. BidaskClub upgraded Liberty Global from a sell rating to a hold rating in a research report on Thursday, September 5th. Finally, New Street Research cut Liberty Global from a buy rating to a neutral rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $27.81.

LBTYA stock opened at $22.55 on Wednesday. Liberty Global has a 1-year low of $19.88 and a 1-year high of $28.62. The business has a fifty day moving average price of $24.13 and a 200-day moving average price of $25.77. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.26 and a current ratio of 1.26.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.61. The company had revenue of $2.84 billion during the quarter. Liberty Global had a negative return on equity of 1.75% and a net margin of 112.38%. On average, equities analysts predict that Liberty Global will post -1.04 EPS for the current fiscal year.

In other Liberty Global news, Director David E. Rapley sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $23.82, for a total value of $47,640.00. Following the completion of the sale, the director now owns 6,045 shares in the company, valued at $143,991.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Bryan H. Hall sold 20,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $27.10, for a total value of $542,000.00. Following the completion of the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $4,329,604.40. The disclosure for this sale can be found here. Corporate insiders own 6.48% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of LBTYA. First Trust Advisors LP increased its position in Liberty Global by 25.5% in the first quarter. First Trust Advisors LP now owns 166,858 shares of the company’s stock worth $4,158,000 after buying an additional 33,941 shares in the last quarter. Perella Weinberg Partners Capital Management LP purchased a new stake in Liberty Global in the second quarter worth about $791,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Liberty Global by 22.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 18,935 shares of the company’s stock worth $511,000 after acquiring an additional 3,465 shares during the period. Wetherby Asset Management Inc. boosted its stake in shares of Liberty Global by 522.0% in the second quarter. Wetherby Asset Management Inc. now owns 69,118 shares of the company’s stock worth $1,865,000 after acquiring an additional 58,005 shares during the period. Finally, Simplex Trading LLC boosted its stake in shares of Liberty Global by 35.6% in the second quarter. Simplex Trading LLC now owns 41,419 shares of the company’s stock worth $1,117,000 after acquiring an additional 10,870 shares during the period. Institutional investors and hedge funds own 24.46% 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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