Liberty Global plc (NASDAQ:LBTYA) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, LBTYA is expected to report 3Q20 income of $ 0.10 per share from revenue of $ 2891.07 million.
For the full year, analysts anticipate top line of $ 11497.00 million, while looking forward to income of $ 0.23 per share bottom line.
Previous Quarter Performance
Liberty Global plc communicated loss for the second quarter of $ 0.86 per share, from the revenue of $ 2,723.00 million. The quarterly revenues down 4.47 percent compared with the same quarter last year. According to street consensus, LBTYA was expected to report 2Q20 income of $ 0.13 per share from revenue of $ 2740.14 million. The top line results fell short of analysts by $ 17.14 million or 0.63 percent.
Stock Performance
Shares of Liberty Global plc traded up $ 0.74 or 3.94 percent on Tuesday, reaching $ 19.53 with volume of 1.89 million shares. Liberty Global plc has traded high as $ 19.72 and has cracked $ 18.88 on the downward trend
According to the previous trading day, closing price of $ 19.53, representing a 23.29 % increase from the 52 week low of $ 15.24 and a 26.8 % decrease over the 52 week high of $ 25.67.
The company has a market capital of $ 11.48 billion and is part of the Communication Services sector and Pay TV industry.
Recent Analyst recommendations
- On 21st September 2020, upgraded by Barclays to Equal-Weight from Underweight rating, with $ 30.00 target price.
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. 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, and set-top boxes. The company provides entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels.
