Liberty Global's (LILAK) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• Liberty Global's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, indicating ongoing concerns among analysts.
• Scotiabank has increased its target price for Liberty Global from $5.10 to $8.20, offering a "sector perform" rating, while the overall consensus rating remains "Reduce."
• In its latest earnings report, Liberty Global missed analysts' expectations, reporting a loss of $2.12 per share against expectations of a profit, alongside a revenue of $1.09 billion.

Liberty Global (NASDAQ:LILAK - Get Free Report)'s stock had its "sell (d-)" rating restated by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Scotiabank lifted their target price on Liberty Global from $5.10 to $8.20 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $7.85.

Liberty Global Stock Performance

Shares of NASDAQ LILAK opened at $8.19 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 5.00. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -1.38 and a beta of 0.98. The stock's fifty day simple moving average is $8.01 and its 200 day simple moving average is $6.52. Liberty Global has a 52-week low of $4.23 and a 52-week high of $10.67.

Liberty Global (NASDAQ:LILAK - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($2.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($2.14). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.11 billion. Liberty Global had a negative return on equity of 71.58% and a negative net margin of 26.61%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LILAK. GAMMA Investing LLC grew its stake in Liberty Global by 577.2% in the first quarter. GAMMA Investing LLC now owns 11,811 shares of the company's stock valued at $73,000 after purchasing an additional 10,067 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Liberty Global by 1,604.2% in the first quarter. Harbor Capital Advisors Inc. now owns 21,660 shares of the company's stock valued at $135,000 after purchasing an additional 20,389 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Liberty Global in the first quarter valued at about $121,000. Principal Financial Group Inc. grew its stake in Liberty Global by 3.9% in the first quarter. Principal Financial Group Inc. now owns 71,532 shares of the company's stock valued at $444,000 after purchasing an additional 2,652 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Liberty Global by 28.8% in the first quarter. Allianz Asset Management GmbH now owns 970,163 shares of the company's stock valued at $6,025,000 after purchasing an additional 216,897 shares in the last quarter. Hedge funds and other institutional investors own 52.98% of the company's stock.

About Liberty Global

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.

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