Does This Provide a Reason to Sell Liberty Global plc (LBTYA)? The Stock Has Formed Bearish Double Bottom Pattern

May 17, 2018 - By Lola Flanagan

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 1.81 million 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. The stock has “Buy” rating by Citigroup on Thursday, February 22. The firm earned “Buy” rating on Tuesday, February 6 by Citigroup. As per Thursday, March 15, the company rating was upgraded by Bernstein. The stock has “Buy” rating by Macquarie Research on Friday, February 16. The stock of Liberty Global plc (NASDAQ:LBTYA) earned “Buy” rating by Buckingham Research on Monday, February 5. As per Wednesday, January 17, the company rating was upgraded by Morgan Stanley. On Thursday, April 19 the stock rating was upgraded by Credit Suisse to “Outperform”. Jefferies maintained Liberty Global plc (NASDAQ:LBTYA) on Friday, February 2 with “Buy” rating. RBC Capital Markets maintained the shares of LBTYA in report on Friday, April 20 with “Buy” rating.

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, Streetinsider.com published: “End of an era as Vodafone boss Colao hands over to protege Read” on May 15, 2018. More interesting news about Liberty Global plc (NASDAQ:LBTYA) were released by: Nasdaq.com and their article: “Vodafone Group Plc Shares Fall as CEO Prepares to Step Down” 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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