Liberty Global (NASDAQ:LBTYA) Given New $11.00 Price Target at Citigroup

Liberty Global (NASDAQ:LBTYA - Get Free Report) had its price objective lowered by investment analysts at Citigroup from $13.00 to $11.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's target price would indicate a potential upside of 13.70% from the stock's previous close.

Several other research analysts also recently commented on LBTYA. Barclays set a $11.00 target price on Liberty Global and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, UBS Group reduced their target price on shares of Liberty Global from $13.00 to $10.60 and set a "neutral" rating on the stock in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Liberty Global currently has a consensus rating of "Hold" and a consensus target price of $14.94.

Liberty Global Stock Down 1.1%

LBTYA stock traded down $0.11 during mid-day trading on Wednesday, hitting $9.68. 504,126 shares of the company were exchanged, compared to its average volume of 2,110,210. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05. The firm has a market cap of $3.34 billion, a P/E ratio of 2.31 and a beta of 1.23. The firm's 50 day simple moving average is $10.41 and its 200 day simple moving average is $11.67. Liberty Global has a 1-year low of $9.03 and a 1-year high of $21.56.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share for the quarter, missing the consensus estimate of ($0.83) by ($3.01). Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.09 billion. On average, sell-side analysts predict that Liberty Global will post -1.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Liberty Global

Large investors have recently bought and sold shares of the stock. Barclays PLC grew its position in shares of Liberty Global by 153.2% during the 3rd quarter. Barclays PLC now owns 496,045 shares of the company's stock valued at $10,471,000 after purchasing an additional 300,126 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Liberty Global by 197.3% during the 4th quarter. SG Americas Securities LLC now owns 26,744 shares of the company's stock valued at $341,000 after purchasing an additional 17,749 shares in the last quarter. Blue Trust Inc. grew its position in shares of Liberty Global by 58.1% during the 4th quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock valued at $38,000 after purchasing an additional 1,081 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Liberty Global in the fourth quarter worth $284,000. Finally, Spire Wealth Management purchased a new position in Liberty Global in the fourth quarter worth $59,000. 37.20% of the stock is currently owned by institutional investors.

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.

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