Wunderlich Securities Reiterates Buy on Liberty Global
Wunderlich Securities reiterated its Buy rating on Liberty Global (NASDAQ: LBTYA) following a meeting with the company's management.
In a research report published today, Wunderlich states, "We remain upbeat on Buy-rated Liberty Global (LBTYA) following its annual shareholder meeting. Management feels that it is now assuming technology leadership relative to U.S. MSOs even in more fractured and less mature European TV markets. With 75%+ of proportionate ownership post M&A OCF from Germany/ Switzerland/ Netherlands/ Belgium, management remains confident that its business can navigate any Euro currency macro concerns originating from Mediterranean economies such as Greece."
At the moment, Wunderlich has a price target of $53 placed on the company's stock. Liberty is currently trading around $41.66, or 0.45% below yesterday's close.
