Liberty Global (NASDAQ:LBTYA) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Shares of Liberty Global Ltd. (NASDAQ:LBTYA - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.29 and traded as high as $20.61. Liberty Global shares last traded at $20.46, with a volume of 1,018,387 shares.

Analysts Set New Price Targets

Several research firms recently commented on LBTYA. Deutsche Bank Aktiengesellschaft boosted 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. Bank of America raised Liberty Global from an "underperform" rating to a "neutral" rating and upped their target price for the company from $15.50 to $21.30 in a research note on Monday, August 12th. Citigroup began coverage on Liberty Global in a research note on Friday, August 9th. They set a "buy" rating and a $25.00 price objective on the stock. Finally, Benchmark restated a "buy" rating and issued a $27.00 target price on shares of Liberty Global in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.26.

Liberty Global Stock Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a fifty day moving average price of $19.92 and a two-hundred day moving average price of $18.29. The company has a market cap of $7.61 billion, a P/E ratio of -3.16 and a beta of 1.17.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $0.71 EPS for the quarter. Liberty Global had a negative net margin of 27.03% and a negative return on equity of 10.72%. The firm had revenue of $1.87 billion for the quarter. On average, equities analysts forecast that Liberty Global Ltd. will post -0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Global

A number of hedge funds have recently modified their holdings of LBTYA. EverSource Wealth Advisors LLC grew its position in Liberty Global by 63.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company's stock worth $27,000 after purchasing an additional 601 shares in the last quarter. nVerses Capital LLC purchased a new position in Liberty Global during the 2nd quarter valued at about $75,000. Central Pacific Bank Trust Division acquired a new position in shares of Liberty Global in the 1st quarter valued at about $91,000. Whittier Trust Co. increased its holdings in shares of Liberty Global by 21,707.3% in the 2nd quarter. Whittier Trust Co. now owns 8,941 shares of the company's stock valued at $156,000 after purchasing an additional 8,900 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Liberty Global by 4,512.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company's stock worth $156,000 after purchasing an additional 8,754 shares in the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

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.