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

Liberty Global (NASDAQ:LBTYA) had its target price lowered by Deutsche Bank Aktiengesellschaft from $23.00 to $20.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

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

Liberty Global Stock Down 1.2 %

LBTYA stock opened at $11.76 on Wednesday. The business’s fifty day moving average price is $12.70 and its two-hundred day moving average price is $17.10. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of -1.16 and a beta of 1.25. Liberty Global has a fifty-two week low of $10.93 and a fifty-two week high of $21.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19.

Insider Buying and Selling at Liberty Global

In related news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the sale, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 11.51% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in Liberty Global by 110.3% during the third quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock valued at $39,000 after purchasing an additional 975 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Liberty Global during the 4th quarter valued at approximately $59,000. Yousif Capital Management LLC bought a new position in Liberty Global in the 4th quarter worth approximately $128,000. Clifford Capital Partners LLC purchased a new position in Liberty Global in the 3rd quarter valued at approximately $227,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in Liberty Global by 62.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,807 shares of the company’s stock valued at $227,000 after acquiring an additional 4,142 shares during the period. Institutional investors own 37.20% of the company’s stock.

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.