Liberty Global’s (LBTYA) Buy Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of Liberty Global (NASDAQ:LBTYA) in a report published on Tuesday morning, Benzinga reports. Benchmark currently has a $27.00 target price on the stock.

LBTYA has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft upped their price target on Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Citigroup started coverage on Liberty Global in a report on Friday, August 9th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $15.50 to $21.30 in a research note on Monday, August 12th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.26.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $19.81 on Tuesday. The stock’s 50-day moving average is $20.40 and its 200 day moving average is $18.61. Liberty Global has a one year low of $15.01 and a one year 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 1.19.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($3.95) earnings per share (EPS) for the quarter. Liberty Global had a negative net margin of 54.02% and a negative return on equity of 22.30%. The business had revenue of $1.94 billion during the quarter. As a group, equities analysts anticipate that Liberty Global will post -0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Rubric Capital Management LP increased its stake in Liberty Global by 43.7% in the 2nd quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company’s stock valued at $96,320,000 after buying an additional 1,680,756 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Liberty Global by 2.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 3,658,338 shares of the company’s stock valued at $63,765,000 after acquiring an additional 82,560 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Liberty Global by 4.0% during the first quarter. Vanguard Group Inc. now owns 3,446,543 shares of the company’s stock worth $58,316,000 after acquiring an additional 131,077 shares during the period. Dimensional Fund Advisors LP boosted its position in Liberty Global by 212.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company’s stock worth $57,336,000 after purchasing an additional 2,236,696 shares during the last quarter. Finally, ACR Alpine Capital Research LLC grew its stake in Liberty Global by 11.5% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 3,058,910 shares of the company’s stock valued at $53,317,000 after purchasing an additional 314,726 shares during the period. 37.20% of the stock is owned by institutional investors.

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.