Brokerages Set Liberty Global Ltd. (NASDAQ:LBTYA) Target Price at $24.26

Shares of Liberty Global Ltd. (NASDAQ:LBTYA) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $24.26.

A number of analysts have recently issued reports on the company. Citigroup assumed coverage on Liberty Global in a report on Friday, August 9th. They issued a “buy” rating and a $25.00 target price for the company. Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $15.50 to $21.30 in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, Benchmark reaffirmed a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a research note on Thursday, July 25th.

Liberty Global Trading Down 0.1 %

NASDAQ LBTYA opened at $21.26 on Friday. The firm’s 50 day moving average price is $19.47 and its two-hundred day moving average price is $17.94. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of -3.29 and a beta of 1.16. Liberty Global has a twelve month low of $15.01 and a twelve month high of $21.56. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.34.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Thursday, July 25th. The company reported $0.71 earnings per share (EPS) for the quarter. The company had revenue of $1.87 billion during the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%. Equities analysts anticipate that Liberty Global will post -0.61 EPS for the current year.

Hedge Funds Weigh In On Liberty Global

Several hedge funds have recently bought and sold shares of LBTYA. EverSource Wealth Advisors LLC grew its position in shares of Liberty Global by 63.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after purchasing an additional 601 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Liberty Global in the second quarter valued at about $75,000. Central Pacific Bank Trust Division acquired a new stake in shares of Liberty Global in the first quarter valued at about $91,000. Whittier Trust Co. grew its position in shares of Liberty Global by 21,707.3% in the second quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock valued at $156,000 after purchasing an additional 8,900 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Liberty Global by 4,512.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock valued at $156,000 after purchasing an additional 8,754 shares during the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.

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.