Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Liberty Global (NASDAQ:LBTYA) Stock Price

Liberty Global (NASDAQ:LBTYA) had its price target reduced by research analysts at Deutsche Bank Aktiengesellschaft from $38.00 to $23.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 71.39% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. UBS Group cut Liberty Global from a “buy” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $13.00 in a research note on Monday, November 18th. Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and increased their price target for the company from $15.50 to $21.30 in a research note on Monday, August 12th. Benchmark reiterated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a research note on Tuesday, October 29th. Barclays decreased their price target on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, November 25th. Finally, Citigroup assumed coverage on Liberty Global in a report on Friday, August 9th. They issued a “buy” rating and a $25.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.94.

Liberty Global Trading Down 3.2 %

Liberty Global stock opened at $13.42 on Thursday. The stock has a 50-day moving average of $18.17 and a two-hundred day moving average of $18.42. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Global has a one year low of $10.93 and a one year high of $21.56. The stock has a market cap of $4.80 billion, a PE ratio of -1.32 and a beta of 1.24.

Insider Buying and Selling

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.51% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC grew its holdings in Liberty Global by 15.8% in the second quarter. SG Americas Securities LLC now owns 20,514 shares of the company’s stock valued at $358,000 after purchasing an additional 2,801 shares during the period. Welch Group LLC acquired a new stake in Liberty Global in the second quarter valued at approximately $174,000. ARS Investment Partners LLC acquired a new stake in Liberty Global in the second quarter valued at approximately $261,000. Tevis Investment Management grew its holdings in Liberty Global by 156.0% in the second quarter. Tevis Investment Management now owns 27,170 shares of the company’s stock valued at $474,000 after purchasing an additional 16,555 shares during the period. Finally, &PARTNERS acquired a new stake in Liberty Global in the second quarter valued at approximately $337,000. 37.20% of the stock is owned by institutional investors and hedge funds.

About Liberty Global

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.