Liberty Global plc (LBTYA) Draws Bearish Attention After Forming Wedge Down

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The stock of Liberty Global plc (LBTYA) formed a down wedge with $23.02 target or 5.00 % below today’s $24.23 share price. The 8 months wedge indicates high risk for the $17.99B company. If the $23.02 price target is reached, the company will be worth $899.60 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 0.12% or $0.03 during the last trading session, reaching $24.23. About 884,010 shares traded. Liberty Global plc (NASDAQ:LBTYA) has declined 15.84% since December 6, 2017 and is downtrending. It has underperformed by 31.46% the S&P500.

Analysts await Liberty Global plc (NASDAQ:LBTYA) to report earnings on February, 13. They expect $0.17 earnings per share, up 125.00 % or $0.85 from last year’s $-0.68 per share. LBTYA’s profit will be $126.23 million for 35.63 P/E if the $0.17 EPS becomes a reality. After $-0.56 actual earnings per share reported by Liberty Global plc for the previous quarter, Wall Street now forecasts -130.36 % EPS growth.

Liberty Global plc (NASDAQ:LBTYA) Ratings Coverage

Among 4 analysts covering Liberty Global (NASDAQ:LBTYA), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Liberty Global had 4 analyst reports since June 13, 2018 according to SRatingsIntel. The rating was downgraded by Macquarie Research on Wednesday, July 11 to “Neutral”. Pivotal Research maintained Liberty Global plc (NASDAQ:LBTYA) on Wednesday, June 27 with “Buy” rating. The firm earned “Buy” rating on Friday, August 24 by UBS.

More notable recent Liberty Global plc (NASDAQ:LBTYA) news were published by: Streetinsider.com which released: “Baupost Group’s 13F Shows New Stake in Liberty (LBTYK), Univar (UNVR), Increase in AmerisourceBergen (ABC), (more …) – StreetInsider.com” on November 13, 2018, also Nasdaq.com with their article: “Liberty Global (LBTYA) Q3 Loss Narrows Y/Y, Revenues Beat – Nasdaq” published on November 08, 2018, Streetinsider.com published: “New Vodafone boss to cut costs, make more of masts – StreetInsider.com” on November 13, 2018. More interesting news about Liberty Global plc (NASDAQ:LBTYA) were released by: Seekingalpha.com and their article: “Liberty Global Undervalued On Buybacks And Asset Sales – Seeking Alpha” published on November 26, 2018 as well as Streetinsider.com‘s news article titled: “Exclusive: EU to probe deeper into Vodafone, Liberty Global deal – source – StreetInsider.com” with publication date: November 30, 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 $17.99 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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