Wunderlich Securities Comments on Liberty Global

Wunderlich Securities provided color on Liberty Global (NASDAQ: LBTYA) in a research report published today. Wunderlich Securities has previously given Liberty Global a Buy rating and $53 price target.

In the report, Wunderlich Securities states, "An agreement to sell 54%-owned Aussie satcaster Austar to Foxtel was announced overnight. The price is A$1.52 per share in cash v. the A$1.50 we had modeled and the A$1.365 close."

In regards to the agreement, Wunderlich Securities states, "This is a nice - although anticipated - deal with proceeds supporting KBW equity funding but not enough to think about going after Dutch MSO Ziggo."

Shares of Liberty Global were trading at $44.70 at the time of posting, up 1.02% from Wednesday's market close.