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Wednesday, September 30, 2020

Liberty Global plc (NASDAQ:LBTYA) is Gaining Momentum on Earnings Catalyst

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The Liberty Global plc (LBTYA) shares are trading at higher $23.15 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $27.15.

To add more color to this target, the company’s high over the last year is $28.48 and the low is $15.23. Over the last 52 weeks, LBTYA is down -18.73% while the S&P 500 is up 0.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, LBTYA reported a profit of $1.6 billion. Liberty Global plc also saw revenues increase to $2.88 billion. In addition, LBTYA has free cash flow of $102.0 million as of 03-2020. The company’s EBITDA came in at $1.08 billion which compares well with its peers.

LBTYA Return on Equity (ROE) is 111.40%, and its Return on Assets is 25.10%. All told, it is clear that, LBTYA needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. LBTYA has a short ratio of 1.16 and outstanding shares of 630.47M.

Company Outlook

LBTYA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.8 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.43. Liberty Global plc LBTYA also noted assets of $47.26 billion at the end of the last quarter. Investors should also keep an eye on sector updates as LBTYA has historically followed its peers on positive news.

All told, Liberty Global plc LBTYA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LBTYA represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Liberty Global plc LBTYA is now commanding a market cap of 14.01B and a float of 566.69M. LBTYA is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of LBTYA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in LBTYA, either long or short, and we have not been compensated for this article.

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