UBS Group Cuts Liberty Global (NASDAQ:LBTYA) Price Target to $10.60

Liberty Global (NASDAQ:LBTYA - Get Free Report) had its price target cut by analysts at UBS Group from $13.00 to $10.60 in a report released on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price objective suggests a potential upside of 15.03% from the stock's previous close.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Sanford C. Bernstein cut shares of Liberty Global from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $24.70 to $12.40 in a research note on Thursday, January 23rd. Finally, Barclays set a $11.00 price objective on shares of Liberty Global and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $16.94.

Liberty Global Stock Down 0.4%

Shares of NASDAQ LBTYA traded down $0.04 during midday trading on Monday, hitting $9.22. 1,372,568 shares of the stock traded hands, compared to its average volume of 2,074,496. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05. The business has a 50 day moving average price of $10.88 and a two-hundred day moving average price of $12.51. The company has a market cap of $3.18 billion, a PE ratio of 2.20 and a beta of 1.23. Liberty Global has a one year low of $9.14 and a one year high of $21.56.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.83) by ($3.01). Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.09 billion. On average, equities analysts predict that Liberty Global will post -1.35 EPS for the current year.

Institutional Trading of Liberty Global

Hedge funds have recently made changes to their positions in the stock. CWM LLC grew its stake in shares of Liberty Global by 81.5% during the first quarter. CWM LLC now owns 2,285 shares of the company's stock valued at $26,000 after buying an additional 1,026 shares during the last quarter. Blue Trust Inc. lifted its position in Liberty Global by 58.1% during the fourth quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock valued at $38,000 after buying an additional 1,081 shares during the period. Versant Capital Management Inc purchased a new stake in Liberty Global in the first quarter worth about $50,000. Spire Wealth Management purchased a new position in Liberty Global during the fourth quarter valued at $59,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Liberty Global during the 4th quarter valued at about $73,000. 37.20% of the stock is owned by institutional investors.

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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