Liberty Global (NASDAQ:LBTYA) Issues Earnings Results

Liberty Global (NASDAQ:LBTYA) released its earnings results on Tuesday. The company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.92) by $7.25, Zacks reports. Liberty Global had a negative return on equity of 22.30% and a negative net margin of 54.02%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.84 billion.

Liberty Global Price Performance

Liberty Global stock opened at $11.10 on Wednesday. The business has a 50 day simple moving average of $12.00 and a 200 day simple moving average of $16.27. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Global has a one year low of $10.82 and a one year high of $21.56. The company has a market capitalization of $3.97 billion, a PE ratio of -1.09 and a beta of 1.24.

Analysts Set New Price Targets

Several analysts have recently weighed in on LBTYA shares. Sanford C. Bernstein lowered Liberty Global from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $24.70 to $12.40 in a report on Thursday, January 23rd. Benchmark reissued a “buy” rating and set a $27.00 price objective on shares of Liberty Global in a report on Tuesday, October 29th. Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $13.10 to $12.60 in a report on Friday, December 6th. UBS Group lowered Liberty Global from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $13.00 in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.75.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, major shareholder Nicholas V. Tompras sold 57,000 shares of Liberty Global stock in a transaction on Friday, December 27th. The stock was sold at an average price of $12.94, for a total value of $737,580.00. Following the completion of the transaction, the insider now owns 16,153 shares in the company, valued at approximately $209,019.82. The trade was a 77.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the sale, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.51% of the company’s stock.

Liberty Global Company Profile

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.