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

Liberty Global (NASDAQ:LBTYA - Free Report) had its price objective reduced by Citigroup from $13.00 to $11.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

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

Liberty Global Trading Up 0.8%

LBTYA traded up $0.08 during trading on Wednesday, hitting $9.66. 3,054,350 shares of the stock traded hands, compared to its average volume of 2,105,184. The firm has a market capitalization of $3.34 billion, a P/E ratio of 2.31 and a beta of 1.23. Liberty Global has a 12-month low of $9.03 and a 12-month high of $21.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.19. The firm has a 50-day moving average of $10.29 and a 200 day moving average of $11.50.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported ($3.84) earnings per share for the quarter, missing analysts' consensus estimates of ($0.83) by ($3.01). Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.09 billion. Equities research analysts anticipate that Liberty Global will post -1.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LBTYA. CWM LLC grew its stake in shares of Liberty Global by 81.5% during the 1st quarter. CWM LLC now owns 2,285 shares of the company's stock valued at $26,000 after acquiring an additional 1,026 shares during the period. Blue Trust Inc. lifted its holdings in Liberty Global by 58.1% during the fourth 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. Versant Capital Management Inc bought a new position in shares of Liberty Global in the first quarter worth approximately $50,000. Spire Wealth Management purchased a new stake in shares of Liberty Global in the fourth quarter worth $59,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Liberty Global during the 1st quarter valued at $64,000. 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.