Liberty Global (NASDAQ:LBTYA) Sets New 12-Month High at $20.60

Liberty Global Ltd. (NASDAQ:LBTYA) shares hit a new 52-week high during trading on Thursday . The company traded as high as $20.60 and last traded at $20.49, with a volume of 309398 shares trading hands. The stock had previously closed at $20.03.

Analysts Set New Price Targets

Several analysts recently commented on LBTYA shares. Citigroup started coverage on Liberty Global in a research note on Friday, August 9th. They set a “buy” rating and a $25.00 price objective on the stock. Benchmark reiterated a “buy” rating and set a $27.00 price target on shares of Liberty Global in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $15.50 to $21.30 in a research report on Monday, August 12th. Four research 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.26.

Liberty Global Stock Performance

The company has a 50-day simple moving average of $18.87 and a two-hundred day simple moving average of $17.67. 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 firm has a market cap of $7.43 billion, a PE ratio of -3.08 and a beta of 1.16.

Liberty Global (NASDAQ:LBTYA) last announced 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 business had revenue of $1.87 billion for the quarter. As a group, equities research analysts forecast that Liberty Global Ltd. will post -0.61 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in Liberty Global by 63.7% during the 2nd 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 bought a new stake in Liberty Global during the second quarter valued at about $75,000. Central Pacific Bank Trust Division bought a new stake in Liberty Global during the first quarter valued at about $91,000. Bfsg LLC increased its holdings in shares of Liberty Global by 45.5% in the first quarter. Bfsg LLC now owns 8,681 shares of the company’s stock worth $147,000 after purchasing an additional 2,715 shares during the last quarter. Finally, Whittier Trust Co. grew its position in Liberty Global by 21,707.3% in the second quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock worth $156,000 after acquiring an additional 8,900 shares in the last quarter. Institutional investors own 37.20% of the company’s stock.

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.