Deutsche Bank Aktiengesellschaft Increases Liberty Global (NASDAQ:LBTYA) Price Target to $34.00

Liberty Global (NASDAQ:LBTYA) had its price target hoisted by equities researchers at Deutsche Bank Aktiengesellschaft from $33.00 to $34.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 83.19% from the stock’s previous close.

LBTYA has been the subject of several other reports. Benchmark cut their price target on shares of Liberty Global from $30.00 to $27.00 and set a “buy” rating for the company in a report on Monday. HSBC downgraded shares of Liberty Global from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $26.00 to $20.00 in a report on Monday, March 18th. Finally, Barclays dropped their price objective on shares of Liberty Global from $22.00 to $20.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $24.58.

Liberty Global Stock Up 2.1 %

LBTYA opened at $18.56 on Friday. The company has a 50 day moving average of $17.24 and a 200 day moving average of $17.59. The company has a market cap of $6.92 billion, a PE ratio of -2.87 and a beta of 1.16. Liberty Global has a 12 month low of $15.01 and a 12 month high of $20.56. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.80.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.32 EPS for the quarter. The company had revenue of $1.95 billion during the quarter. Liberty Global had a negative net margin of 37.27% and a negative return on equity of 14.07%. During the same period last year, the business posted ($1.59) earnings per share. On average, sell-side analysts expect that Liberty Global will post -0.61 EPS for the current year.

Insider Buying and Selling

In related news, Director J David Wargo sold 30,000 shares of Liberty Global stock in a transaction on Monday, April 15th. The shares were sold at an average price of $17.35, for a total value of $520,500.00. Following the transaction, the director now owns 159,632 shares in the company, valued at approximately $2,769,615.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Liberty Global

Hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP increased its position in shares of Liberty Global by 100.5% in the first quarter. GSA Capital Partners LLP now owns 112,688 shares of the company’s stock valued at $1,907,000 after acquiring an additional 56,491 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of Liberty Global by 8.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 4,518,231 shares of the company’s stock valued at $80,290,000 after acquiring an additional 352,488 shares during the period. ACR Alpine Capital Research LLC purchased a new position in shares of Liberty Global in the fourth quarter valued at about $10,258,000. Hsbc Holdings PLC increased its position in shares of Liberty Global by 168.4% in the fourth quarter. Hsbc Holdings PLC now owns 97,621 shares of the company’s stock valued at $1,726,000 after acquiring an additional 61,244 shares during the period. Finally, Nebula Research & Development LLC increased its position in shares of Liberty Global by 296.6% in the fourth quarter. Nebula Research & Development LLC now owns 58,801 shares of the company’s stock valued at $1,045,000 after acquiring an additional 43,976 shares during the period. Hedge funds and other institutional investors own 37.20% of the company’s stock.

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.