Liberty Global (NASDAQ:LBTYB) Trading Up 11.6% - What's Next?

Key Points

• Liberty Global shares rose 11.6% in midday trading to $13.894, but only about 144 shares traded—99% below the average daily volume.
• Wall Street sentiment remains negative: Weiss Ratings reiterated a “sell (D-)” rating, and the stock has an average “Sell” rating from analysts.
• The company’s latest quarterly results missed expectations, reporting a $1.07 loss per share versus an expected $0.48 loss and revenue of $1.17 billion versus an estimated $1.34 billion.

Liberty Global Ltd (NASDAQ:LBTYB - Get Free Report)'s share price shot up 11.6% during mid-day trading on Friday . The company traded as high as $12.65 and last traded at $13.8940. Approximately 144 shares changed hands during trading, a decline of 99% from the average daily volume of 28,558 shares. The stock had previously closed at $12.45.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell".

Liberty Global Stock Up 3.9%

The firm has a 50 day simple moving average of $12.39 and a two-hundred day simple moving average of $13.30. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of -1.44 and a beta of 0.42.

Liberty Global (NASDAQ:LBTYB - Get Free Report) last issued its earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.48) by ($0.59). The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.34 billion. Liberty Global had a negative return on equity of 28.82% and a negative net margin of 62.11%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC bought a new stake in Liberty Global Ltd (NASDAQ:LBTYB - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,252 shares of the company's stock, valued at approximately $68,000. 0.47% of the stock is owned by institutional investors and hedge funds.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that owns, operates and invests in broadband, mobile, fixed-line voice and video businesses. Its consumer services generally include high-speed internet, mobile connectivity, digital television and related communications products, delivered through established regional brands.

The company's principal activities are concentrated in Europe. Liberty Global has interests in communications businesses serving customers in the United Kingdom, the Netherlands, Belgium and Switzerland, including Virgin Media O2 in the U.K., VodafoneZiggo in the Netherlands, Telenet in Belgium and Sunrise in Switzerland.

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