Could Liberty Global plc (LBTYA) See a Reversal After Having Formed Several Months Wedge Down
The stock of Liberty Global plc (LBTYA) formed a down wedge with $26.74 target or 9.00 % below today’s $29.39 share price. The 7 months wedge indicates high risk for the $22.85B company. If the $26.74 price target is reached, the company will be worth $2.06 billion less. After $-1.47 actual EPS reported by Liberty Global plc for the previous quarter, Wall Street now forecasts -111.56 % EPS growth. Among 11 analysts covering Liberty Global (NASDAQ:LBTYA), 9 have Buy rating, 1 Sell and 1 Hold. Therefore 82% are positive.