Liberty Global (NASDAQ:LBTYK) Hits New 52-Week Low - What's Next?

Key Points

• Liberty Global shares hit a new 52-week low of $8.65 during Monday trading and last traded near $8.82, below the 50-day and 200-day moving averages.
• Analyst sentiment is negative: Weiss Ratings downgraded the stock, Wall Street Zen cut it to “sell,” and the consensus rating is currently “Sell.”
• The company recently missed quarterly expectations, reporting a loss of $1.07 per share versus the expected $0.48 loss and revenue of $1.17 billion versus the $1.34 billion estimate.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $8.65 and last traded at $8.8190, with a volume of 1297458 shares trading hands. The stock had previously closed at $8.75.

Analyst Upgrades and Downgrades

LBTYK has been the topic of a number of research reports. Weiss Ratings downgraded Liberty Global from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday. Wall Street Zen cut shares of Liberty Global from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of "Sell".

Liberty Global Price Performance

The stock has a 50-day moving average of $10.05 and a two-hundred day moving average of $10.89. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of -0.98 and a beta of 0.94. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last released 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 business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

Institutional Trading of Liberty Global

Several institutional investors have recently made changes to their positions in LBTYK. Financiere des Professionnels Fonds d investissement inc. purchased a new position in Liberty Global during the first quarter valued at approximately $42,000. Allworth Financial LP lifted its position in Liberty Global by 52.1% in the 2nd quarter. Allworth Financial LP now owns 4,407 shares of the company's stock worth $48,000 after buying an additional 1,509 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Liberty Global by 90.2% during the 2nd quarter. Versant Capital Management Inc now owns 4,834 shares of the company's stock valued at $53,000 after buying an additional 2,292 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Liberty Global during the 2nd quarter valued at $70,000. Finally, Royal Bank of Canada grew its holdings in shares of Liberty Global by 31.7% during the 1st quarter. Royal Bank of Canada now owns 9,547 shares of the company's stock valued at $111,000 after acquiring an additional 2,299 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Company Profile

Liberty Global plc NASDAQ: LBTYK is an international telecommunications and media company that invests in and operates broadband, mobile, video, fixed-line and digital infrastructure businesses. Its offerings generally include high-speed internet, wireless connectivity, television services, fixed-line voice, business communications and related digital products.

The company has operations and strategic interests across several European markets. Its portfolio includes Virgin Media O2 in the United Kingdom, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, a joint venture with Vodafone; Telenet in Belgium; and Sunrise in Switzerland.

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