Liberty Global (NASDAQ:LBTYK) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Liberty Global was upgraded by Wall Street Zen from "sell" to "hold", while Weiss Ratings lowered its view slightly from "sell (d)" to "sell (d-)".
• The stock was down 0.9% and opened at $11.82; it has traded between $9.27 and $13.12 over the past 52 weeks.
• In its latest quarter, Liberty Global reported $0.96 EPS, beating estimates, while revenue of $1.27 billion matched expectations.

Liberty Global (NASDAQ:LBTYK - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Separately, Weiss Ratings downgraded shares of Liberty Global from a "sell (d)" rating to a "sell (d-)" rating in a research note on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".

Liberty Global Stock Down 0.9%

Shares of NASDAQ:LBTYK opened at $11.82 on Friday. Liberty Global has a 52 week low of $9.27 and a 52 week high of $13.12. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.08 and a current ratio of 1.11. The company has a market capitalization of $3.96 billion, a PE ratio of -0.74 and a beta of 0.87. The company has a 50 day moving average price of $11.91 and a two-hundred day moving average price of $11.37.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last issued its earnings results on Friday, May 1st. The company reported $0.96 EPS for the quarter, beating the consensus estimate of ($0.35) by $1.31. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion.

Institutional Investors Weigh In On Liberty Global

Several large investors have recently made changes to their positions in LBTYK. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Liberty Global during the second quarter worth $21,833,000. Deltroit Asset Management UK LLP bought a new stake in shares of Liberty Global during the fourth quarter worth $21,319,000. Rubric Capital Management LP increased its position in shares of Liberty Global by 34.9% during the fourth quarter. Rubric Capital Management LP now owns 6,121,582 shares of the company's stock worth $67,582,000 after acquiring an additional 1,583,012 shares in the last quarter. State of Wisconsin Investment Board increased its position in shares of Liberty Global by 269.2% during the fourth quarter. State of Wisconsin Investment Board now owns 1,245,174 shares of the company's stock worth $13,747,000 after acquiring an additional 907,906 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Liberty Global by 140.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company's stock worth $17,059,000 after acquiring an additional 832,838 shares in the last quarter. Institutional investors own 46.10% of the company's stock.

About Liberty Global

Liberty Global NASDAQ: LBTYK is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company's core services include ultra‐fast broadband, pay television, voice services and mobile offerings.

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