LBTYA Price Prediction Next Week
Analysis and Insights
News Impact Analysis:
EU Investigation Pause: The EU has paused its investigation into Liberty Media's bid for Dorna Sports, citing the need for additional information. This pause could introduce uncertainty for Liberty Global (LBTYA), as the investigation raises concerns about potential price increases for broadcasting rights and John Malone's influence on competition.
VodafoneZiggo Acquisition Talks: Liberty Global is in discussions to acquire Vodafone's stake in their Dutch joint venture, VodafoneZiggo, potentially valued at over $2.2 billion. This move could enhance Liberty Global's market position in the Netherlands and align with broader European telecom consolidation efforts.
Technical Analysis:
Price Trends: LBTYA closed at 11.86 on March 17, with a volume of 3,099,316 shares. The stock has shown recent volatility, with a pre-market percentage change of -37.71% and a regular market increase of +3.04%.
Technical Indicators:
- RSI: 67.65 (6-period), indicating the stock is nearing overbought territory.
- MACD: Slightly positive, suggesting mild bullish momentum.
- Fibonacci Levels: Pivot at 11.54, with resistance at 11.78 and 11.93, and support at 11.29 and 11.14.
Price Prediction and Recommendation:
Based on the Fibonacci levels and recent price action, LBTYA is expected to encounter resistance around 12.18. The stock may reach $12.00 by the end of the next trading week. Given the potential resistance and the stock trading near its upper range, it may be advisable to sell if the price approaches this level.
LBTYA Similar Chart Price Prediction
The price of LBTYA is predicted to go up -2.37%, based on the high correlation periods with CZR. The similarity of these two price pattern on the periods is 92.65%.
LBTYA
CZR
Down: -2.37%Similarity: 92.65%
LBTYA Revenue Forecast
LBTYA EPS Forecast
LBTYA VS S&P500
Liberty spun off its Swiss business Sunrise in 2023. If the firm keeps simplifying its corporate structure it could reduce its conglomerate discount and reach a more attractive valuation.
Liberty's M&A capital allocation decisions have headed in the right direction, highlighting the value of its assets and pushing for convergence through acquisitions and joint ventures in every market.
All of Liberty's markets are stable and show rational behavior, something to like in a highly competitive and commoditized industry.
LBTYA Analyst's Forecast
Maurice Patrick
Barclays
Hold
2024-11-25
Price Target
$20 → $12
Downside
-11.37%
Barclays lowered the firm's price target on Liberty Global to $12 from $20 and keeps an Equal Weight rating on the shares. The firm rolled price targets in the European telecom space to 2025, and revisited its spectrum liability assumptions "following a phase of more benign spectrum outcomes."
