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

Liberty Global (NASDAQ:LBTYA) had its target price increased by Deutsche Bank Aktiengesellschaft from $33.00 to $34.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

LBTYA has been the topic of several other reports. Benchmark dropped their target price on Liberty Global from $30.00 to $27.00 and set a buy rating on the stock in a research report on Monday, July 8th. HSBC lowered Liberty Global from a buy rating to a hold rating and dropped their target price for the stock from $26.00 to $20.00 in a research report on Monday, March 18th. Finally, Barclays dropped their target price on Liberty Global from $22.00 to $20.00 and set an equal weight rating on the stock in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Liberty Global has an average rating of Hold and a consensus price target of $24.58.

Liberty Global Stock Up 0.7 %

Shares of Liberty Global stock opened at $18.69 on Friday. The stock has a 50-day moving average price of $17.27 and a 200 day moving average price of $17.60. The company has a market cap of $6.97 billion, a P/E ratio of -2.89 and a beta of 1.16. 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 has a 1 year low of $15.01 and a 1 year high of $20.56.

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

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ACR Alpine Capital Research LLC grew its holdings in Liberty Global by 375.4% in the 1st quarter. ACR Alpine Capital Research LLC now owns 2,744,184 shares of the company’s stock valued at $46,432,000 after buying an additional 2,166,932 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Liberty Global by 100.5% in the 1st quarter. GSA Capital Partners LLP now owns 112,688 shares of the company’s stock worth $1,907,000 after acquiring an additional 56,491 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in shares of Liberty Global by 8.5% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 4,518,231 shares of the company’s stock worth $80,290,000 after acquiring an additional 352,488 shares during the period. Hsbc Holdings PLC lifted its position in shares of Liberty Global by 168.4% in the 4th quarter. Hsbc Holdings PLC now owns 97,621 shares of the company’s stock worth $1,726,000 after acquiring an additional 61,244 shares during the period. Finally, Nebula Research & Development LLC lifted its position in shares of Liberty Global by 296.6% in the 4th quarter. Nebula Research & Development LLC now owns 58,801 shares of the company’s stock worth $1,045,000 after acquiring an additional 43,976 shares during the period. Institutional investors and hedge funds 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.