Liberty Global (NASDAQ:LBTYA) Price Target Cut to $20.00 by Analysts at Deutsche Bank Aktiengesellschaft

Liberty Global (NASDAQ:LBTYA) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $23.00 to $20.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 68.07% from the stock’s previous close.

Several other research firms have also issued reports on LBTYA. Benchmark reissued a “buy” rating and set a $27.00 price target on shares of Liberty Global in a report on Tuesday, October 29th. Bank of America lowered shares of Liberty Global from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $13.10 to $12.60 in a report on Friday, December 6th. Barclays lowered their price target on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, November 25th. UBS Group cut shares of Liberty Global from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $23.00 to $13.00 in a research note on Monday, November 18th. Finally, Sanford C. Bernstein cut shares of Liberty Global from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $24.70 to $12.40 in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.75.

Liberty Global Trading Down 0.8 %

Liberty Global stock opened at $11.90 on Wednesday. The business has a 50-day simple moving average of $12.72 and a two-hundred day simple moving average of $17.15. Liberty Global has a 52-week low of $10.93 and a 52-week high of $21.56. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market cap of $4.25 billion, a P/E ratio of -1.17 and a beta of 1.25.

Insider Activity at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the transaction, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at $776,222.72. This trade represents a 61.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 11.51% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Global

Hedge funds have recently made changes to their positions in the business. Barclays PLC grew its holdings in Liberty Global by 153.2% during the 3rd quarter. Barclays PLC now owns 496,045 shares of the company’s stock valued at $10,471,000 after purchasing an additional 300,126 shares during the last quarter. ING Groep NV purchased a new position in shares of Liberty Global during the third quarter valued at approximately $12,953,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Liberty Global by 2,799.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock valued at $98,079,000 after buying an additional 4,485,823 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Liberty Global in the second quarter worth approximately $624,000. Finally, State Street Corp lifted its stake in shares of Liberty Global by 36.8% during the 3rd quarter. State Street Corp now owns 2,624,307 shares of the company’s stock worth $55,399,000 after acquiring an additional 705,780 shares during the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.