Liberty Global (NASDAQ:LBTYA) Hits New 12-Month High at $20.63

Shares of Liberty Global Ltd. (NASDAQ:LBTYA) hit a new 52-week high during trading on Wednesday . The stock traded as high as $20.63 and last traded at $20.51, with a volume of 64506 shares traded. The stock had previously closed at $20.37.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup assumed coverage on shares of Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 price objective for the company. Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $15.50 to $21.30 in a research report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and set a $27.00 price objective on shares of Liberty Global in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.26.

Liberty Global Trading Up 1.4 %

The business has a fifty day moving average of $19.27 and a 200-day moving average of $17.81. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $7.74 billion, a P/E ratio of -3.21 and a beta of 1.16.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.71 earnings per share for the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%. The business had revenue of $1.87 billion for the quarter. Analysts anticipate that Liberty Global Ltd. will post -0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Global

Large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC bought a new stake in shares of Liberty Global during the 4th quarter worth $452,000. Norges Bank bought a new stake in shares of Liberty Global during the 4th quarter worth $73,550,000. Wells Fargo & Company MN raised its stake in shares of Liberty Global by 10.5% during the 4th quarter. Wells Fargo & Company MN now owns 533,309 shares of the company’s stock worth $9,477,000 after purchasing an additional 50,789 shares during the period. Oxford Asset Management LLP bought a new stake in shares of Liberty Global during the 4th quarter worth $622,000. Finally, Hsbc Holdings PLC raised its stake in shares of Liberty Global by 168.4% during the 4th quarter. Hsbc Holdings PLC now owns 97,621 shares of the company’s stock worth $1,726,000 after purchasing an additional 61,244 shares during the period. 37.20% of the stock is currently 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.