Deutsche Bank AG began coverage on shares of Liberty Global PLC (NASDAQ:LBTYA) in a research report sent to investors on Wednesday. The firm issued a buy rating and a $43.00 price target on the stock.

Several other equities analysts have also weighed in on the company. Morgan Stanley raised their target price on Liberty Global PLC from $37.00 to $38.00 and gave the company an equal weight rating in a report on Monday, August 7th. BidaskClub raised Liberty Global PLC from a buy rating to a strong-buy rating in a research report on Friday, August 4th. Zacks Investment Research raised Liberty Global PLC from a sell rating to a hold rating in a research report on Friday, August 4th. ValuEngine downgraded Liberty Global PLC from a buy rating to a hold rating in a research report on Tuesday, August 1st. Finally, Pivotal Research lowered their price target on Liberty Global PLC from $42.00 to $41.00 and set a buy rating on the stock in a research report on Tuesday, July 18th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Liberty Global PLC has an average rating of Buy and a consensus target price of $40.00.

Liberty Global PLC (NASDAQ:LBTYA) opened at 34.45 on Wednesday. The company’s 50-day moving average price is $33.78 and its 200-day moving average price is $33.28. The stock has a market capitalization of $34.57 billion, a PE ratio of 37.86 and a beta of 1.66. Liberty Global PLC has a one year low of $28.17 and a one year high of $37.69.

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In related news, Director John C. Malone acquired 223,186 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were bought at an average cost of $21.76 per share, with a total value of $4,856,527.36. Following the completion of the acquisition, the director now owns 761,816 shares of the company’s stock, valued at $16,577,116.16. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John C. Malone acquired 519,592 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were bought at an average cost of $24.34 per share, for a total transaction of $12,646,869.28. Following the completion of the acquisition, the director now directly owns 927,830 shares of the company’s stock, valued at approximately $22,583,382.20. The disclosure for this purchase can be found here. Insiders have acquired 1,610,000 shares of company stock worth $37,412,081 over the last ninety days. Company insiders own 3.93% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its holdings in Liberty Global PLC by 0.6% during the second quarter. Franklin Resources Inc. now owns 8,610 shares of the company’s stock valued at $277,000 after purchasing an additional 48 shares in the last quarter. Jacobi Capital Management LLC raised its stake in shares of Liberty Global PLC by 1.1% in the second quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock valued at $162,000 after acquiring an additional 57 shares during the last quarter. MAI Capital Management raised its stake in shares of Liberty Global PLC by 0.7% in the first quarter. MAI Capital Management now owns 9,255 shares of the company’s stock valued at $332,000 after acquiring an additional 60 shares during the last quarter. AXA raised its stake in shares of Liberty Global PLC by 3.3% in the second quarter. AXA now owns 9,476 shares of the company’s stock valued at $305,000 after acquiring an additional 300 shares during the last quarter. Finally, High Pointe Capital Management LLC raised its stake in shares of Liberty Global PLC by 5.7% in the second quarter. High Pointe Capital Management LLC now owns 6,670 shares of the company’s stock valued at $214,000 after acquiring an additional 360 shares during the last quarter. 22.05% of the stock is currently owned by institutional investors.

Liberty Global PLC Company Profile

Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.

Analyst Recommendations for Liberty Global PLC (NASDAQ:LBTYA)

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