Liberty Global (NASDAQ:LBTYA) Price Target Raised to $21.00 at Benchmark

Key Points

• Liberty Global's stock price target has been raised by Benchmark from $18.00 to $21.00, indicating a potential upside of 95.26%.
• Despite the positive outlook from Benchmark, other analysts have issued varied ratings, with some lowering their targets significantly, reflecting uncertainty in the market.
• Liberty Global reported a net loss with (8.09) earnings per share, missing expectations, although revenue for the quarter surpassed consensus estimates.

Liberty Global (NASDAQ:LBTYA - Get Free Report) had its price objective upped by equities researchers at Benchmark from $18.00 to $21.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Benchmark's price objective suggests a potential upside of 95.26% from the stock's previous close.

Other equities analysts have also recently issued research reports about the stock. UBS Group dropped their price target on shares of Liberty Global from $13.00 to $10.60 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Berenberg Bank raised Liberty Global to a "hold" rating in a research report on Thursday, June 26th. Barclays set a $11.00 price target on shares of Liberty Global and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, Citigroup decreased their price objective on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $14.09.

Liberty Global Price Performance

Shares of LBTYA opened at $10.76 on Monday. The business has a 50-day simple moving average of $9.90 and a two-hundred day simple moving average of $10.58. Liberty Global has a 12-month low of $9.02 and a 12-month high of $21.56. The stock has a market cap of $3.72 billion, a PE ratio of -1.10 and a beta of 1.13. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.64.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported ($8.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($7.54). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.20 billion. Liberty Global had a negative return on equity of 22.07% and a negative net margin of 60.38%. Analysts anticipate that Liberty Global will post -1.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LBTYA. ACR Alpine Capital Research LLC increased its stake in shares of Liberty Global by 14.1% in the first quarter. ACR Alpine Capital Research LLC now owns 19,835,384 shares of the company's stock worth $228,305,000 after purchasing an additional 2,458,406 shares in the last quarter. Lancaster Investment Management grew its stake in Liberty Global by 91.5% during the second quarter. Lancaster Investment Management now owns 4,506,798 shares of the company's stock valued at $45,113,000 after acquiring an additional 2,152,798 shares in the last quarter. Wolf Hill Capital Management LP bought a new stake in Liberty Global in the 4th quarter valued at $27,413,000. Contour Asset Management LLC bought a new position in shares of Liberty Global during the 4th quarter valued at about $25,730,000. Finally, Vanguard Group Inc. grew its position in shares of Liberty Global by 55.3% during the fourth quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company's stock valued at $66,865,000 after purchasing an additional 1,866,197 shares in the last quarter. Hedge funds and other 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.

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