Liberty Global (NASDAQ:LBTYA) Issues Earnings Results

Liberty Global (NASDAQ:LBTYA) announced its quarterly earnings results on Wednesday. The company reported $1.32 earnings per share for the quarter, Zacks reports. Liberty Global had a negative net margin of 54.08% and a negative return on equity of 19.26%. The business had revenue of $1.95 billion during the quarter. During the same period in the previous year, the company earned ($1.59) EPS.

Liberty Global Stock Performance

Liberty Global stock traded up $0.37 during mid-day trading on Thursday, reaching $16.64. 2,925,526 shares of the company traded hands, compared to its average volume of 1,605,006. The firm’s fifty day moving average is $16.96 and its two-hundred day moving average is $17.19. Liberty Global has a fifty-two week low of $15.01 and a fifty-two week high of $20.56. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of -1.77 and a beta of 1.16.

Analyst Upgrades and Downgrades

LBTYA has been the subject of several research analyst reports. UBS Group dropped their target price on shares of Liberty Global from $23.00 to $22.50 and set a “buy” rating for the company in a research report on Monday, February 26th. Benchmark reaffirmed a “buy” rating and set a $33.00 price objective on shares of Liberty Global in a research report on Thursday. Citigroup raised Liberty Global from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $24.00 in a research report on Friday, February 9th. HSBC lowered Liberty Global from a “buy” rating to a “hold” rating and dropped their price target for the company from $26.00 to $20.00 in a research report on Monday, March 18th. Finally, New Street Research reiterated a “neutral” rating on shares of Liberty Global in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $24.75.

Insiders Place Their Bets

In other news, Director J David Wargo sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $17.35, for a total value of $520,500.00. Following the completion of the sale, the director now directly owns 159,632 shares in the company, valued at $2,769,615.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Andrea Salvato sold 32,403 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $17.70, for a total transaction of $573,533.10. Following the completion of the sale, the executive vice president now owns 102,286 shares in the company, valued at approximately $1,810,462.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J David Wargo sold 30,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $17.35, for a total value of $520,500.00. Following the sale, the director now directly owns 159,632 shares of the company’s stock, valued at approximately $2,769,615.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,629 shares of company stock valued at $2,046,783. 11.51% of the stock is owned by insiders.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.