A Reversal for Liberty Global plc (LBTYA) Is Not Near. The Formed Bearish Double Bottom

May 17, 2018 - By Robert Crowder

Liberty Global plc (NASDAQ:LBTYA) Logo

The chart of Liberty Global plc (LBTYA) shows a double bottom with $28.36 target or 3.00 % below today’s $29.24 share price. The 7 months chart pattern indicates high risk for the $22.96B company. It was reported on May, 17 by Finviz.com. If the $28.36 price target is reached, the company will be worth $688.86M less. Double bottoms are rare but powerful chart patterns.

The stock decreased 1.02% or $0.3 during the last trading session, reaching $29.24. About 1.81M shares traded. Liberty Global plc (NASDAQ:LBTYA) has declined 8.85% since May 17, 2017 and is downtrending. It has underperformed by 20.40% the S&P500.

Analysts await Liberty Global plc (NASDAQ:LBTYA) to report earnings on August, 6. They expect $0.12 earnings per share, up 116.00 % or $0.87 from last year’s $-0.75 per share. LBTYA’s profit will be $94.24M for 60.92 P/E if the $0.12 EPS becomes a reality. After $-1.47 actual earnings per share reported by Liberty Global plc for the previous quarter, Wall Street now forecasts -108.16 % EPS growth.

Liberty Global plc (NASDAQ:LBTYA) Ratings Coverage

Among 9 analysts covering Liberty Global A (NASDAQ:LBTYA), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Liberty Global A had 11 analyst reports since November 24, 2017 according to SRatingsIntel. As per Wednesday, January 17, the company rating was upgraded by Morgan Stanley. The stock has “Buy” rating by Jefferies on Friday, February 2. The firm has “Buy” rating by RBC Capital Markets given on Friday, April 20. The firm has “Buy” rating by Citigroup given on Thursday, February 22. The stock of Liberty Global plc (NASDAQ:LBTYA) earned “Buy” rating by Macquarie Research on Friday, February 16. Bernstein upgraded the shares of LBTYA in report on Thursday, March 15 to “Outperform” rating. The rating was upgraded by Credit Suisse on Thursday, April 19 to “Outperform”. The company was maintained on Tuesday, February 6 by Citigroup. The stock of Liberty Global plc (NASDAQ:LBTYA) has “Buy” rating given on Monday, February 5 by Buckingham Research.

More notable recent Liberty Global plc (NASDAQ:LBTYA) news were published by: Seekingalpha.com which released: “Liberty Global’s (LBTYA) CEO Mike Fries on Q1 2018 – Earnings Call Transcript” on May 09, 2018, also Streetinsider.com with their article: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” published on May 15, 2018, Nasdaq.com published: “Vodafone Group Plc Shares Fall as CEO Prepares to Step Down” on May 15, 2018. More interesting news about Liberty Global plc (NASDAQ:LBTYA) were released by: Streetinsider.com and their article: “End of an era as Vodafone boss Colao hands over to protege Read” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “Buffett’s Berkshire 13F Confirms Increase in Apple (AAPL) Stake Along with Increase in Holdings of Teva (TEVA) (More…)” with publication date: May 15, 2018.

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential clients and businesses internationally. The company has market cap of $22.96 billion. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, set-top boxes, and pay-per-view programming. It currently has negative earnings. The firm provides entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels.

Liberty Global plc (NASDAQ:LBTYA) Ratings Chart

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