Noteworthy Price Action: After Today’s Significant Decline, Is Liberty Global plc – Class A Ordinary Shares’s Near-Term Analysis Negative?

Noteworthy Price Action: After Today's Significant Decline, Is Liberty Global plc   Class A Ordinary Shares's Near Term Analysis Negative?

The stock of Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) is a huge mover today! About 1.06M shares traded hands. Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) has declined 10.47% since March 4, 2016 and is downtrending. It has underperformed by 18.51% the S&P500.
The move comes after 5 months negative chart setup for the $8.84B company. It was reported on Oct, 7 by Barchart.com. We have $30.88 PT which if reached, will make NASDAQ:LBTYA worth $442.00 million less.

Analysts await Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) to report earnings on November, 3. They expect $-0.01 EPS, down 108.33% or $0.13 from last year’s $0.12 per share. After $0.23 actual EPS reported by Liberty Global plc – Class A Ordinary Shares for the previous quarter, Wall Street now forecasts -104.35% negative EPS growth.

Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) Ratings Coverage

Out of 10 analysts covering Liberty Global (NASDAQ:LBTYA), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. Liberty Global has been the topic of 22 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Pivotal Research given on Monday, January 18. Wunderlich maintained Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) rating on Wednesday, July 6. Wunderlich has “Hold” rating and $49 price target. Citigroup maintained it with “Buy” rating and $50 target price in Friday, May 13 report. RBC Capital Markets maintained it with “Outperform” rating and $58 target price in Monday, November 9 report. The stock has “Buy” rating given by Goldman Sachs on Friday, September 16. The stock of Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) earned “Buy” rating by Wunderlich on Monday, January 25. Barclays Capital maintained the shares of LBTYA in a report on Wednesday, March 30 with “Overweight” rating. The company was maintained on Friday, October 16 by RBC Capital Markets. The firm has “Buy” rating by Pivotal Research given on Friday, June 24. The company was downgraded on Monday, January 11 by Morgan Stanley.

According to Zacks Investment Research, “Liberty Global owns interests primarily in broadband distribution and content companies operating outside the continental U.S., principally in Europe, Asia, and Latin America. Through its subsidiaries and affiliates, Liberty Global is one of the largest cable television operators in terms of subscribers outside the United States.”

More recent Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) news were published by: Prnewswire.com which released: “Research Report on CATV Systems Equities — Netflix, Liberty Global, Liberty …” on October 05, 2016. Also Businesswire.com published the news titled: “Liberty Global Completes Acquisition of Cable & Wireless Communications Plc” on May 16, 2016. Businesswire.com‘s news article titled: “Liberty Global Launches LiLAC Tracking Stock” with publication date: July 01, 2015 was also an interesting one.

LBTYA Company Profile

Liberty Global plc (Liberty), incorporated on January 29, 2013, is an international cable firm with activities in 14 countries. The Firm connects people to the digital world and enables them to discover and experience its endless possibilities. The Company’s products are provided through next-generation networks and technology platforms that connect 27 million clients subscribing to 57 million television, broadband Internet and telephony services. In addition, the Company served five million mobile subscribers and offered WiFi service across six million access points. The Company’s consumer brands include Virgin Media, Ziggo, Unitymedia, Telenet, UPC, VTR, and Liberty Cablevision. The Company’s activities also include Liberty Global Business Services and Liberty Global Ventures.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: ,

Leave a Comment