Bank of America Securities Sticks to Their Sell Rating for Liberty Global A (LBTYA)

Bank of America Securities analyst David Wright maintained a Sell rating on Liberty Global A today and set a price target of $12.00.

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Wright covers the Communication Services sector, focusing on stocks such as Liberty Global A, BT Group plc, and Vodafone. According to TipRanks, Wright has an average return of 0.0% and a 52.27% success rate on recommended stocks.

Currently, the analyst consensus on Liberty Global A is a Hold with an average price target of $13.90.

Based on Liberty Global A’s latest earnings release for the quarter ending February 18, the company reported a quarterly revenue of $1.27 billion and a net profit of $337.8 million. In comparison, last year the company had a net profit of $2.24 billion

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LBTYA in relation to earlier this year. Last month, Jason Waldron, the SVP & CAO of LBTYA sold 11,560.00 shares for a total of $137,564.00.