Liberty Global (NASDAQ:LBTYA) Reaches New 1-Year High at $20.96

Liberty Global Ltd. (NASDAQ:LBTYA)’s share price hit a new 52-week high on Tuesday . The company traded as high as $20.96 and last traded at $20.91, with a volume of 43421 shares changing hands. The stock had previously closed at $20.69.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup began coverage on shares of 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 upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and upped their target price for the company from $15.50 to $21.30 in a research report on Monday, August 12th. Benchmark reissued a “buy” rating and set a $27.00 price objective on shares of Liberty Global in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.26.

Liberty Global Trading Up 1.0 %

The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $7.79 billion, a PE ratio of -3.20 and a beta of 1.16. The stock’s 50 day moving average is $19.35 and its two-hundred day moving average is $17.87.

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

Institutional Trading of Liberty Global

A number of institutional investors have recently made changes to their positions in LBTYA. Norges Bank purchased a new stake in Liberty Global during the 4th quarter worth approximately $73,550,000. Rubric Capital Management LP purchased a new stake in shares of Liberty Global during the fourth quarter valued at $52,943,000. Dimensional Fund Advisors LP increased its position in shares of Liberty Global by 212.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company’s stock valued at $57,336,000 after acquiring an additional 2,236,696 shares during the period. ACR Alpine Capital Research LLC raised its stake in Liberty Global by 375.4% in the 1st quarter. ACR Alpine Capital Research LLC now owns 2,744,184 shares of the company’s stock worth $46,432,000 after acquiring an additional 2,166,932 shares during the last quarter. Finally, First Wilshire Securities Management Inc. grew its stake in Liberty Global by 109.4% during the 4th quarter. First Wilshire Securities Management Inc. now owns 1,789,493 shares of the company’s stock valued at $31,799,000 after purchasing an additional 934,887 shares during the last quarter. Institutional investors and hedge funds own 37.20% 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.