Wunderlich Securities Maintains Buy Rating and $31 PT on Virgin Media

A report from Wunderlich Securities reiterates its Buy rating and $31 price target on Virgin Media (NASDAQ: VMED).

The report states, “During its fiscal Q2 earnings call yesterday, BT Group reiterated plans to pull forward by one year its fiber build ambitions into 2014, with faster broadband to be available to 2/3 of UK households if it can deliver on its plans better than it has in the past with its 'mixed economy' 25% fiber-to-the-premise/75% fiber-tothe-cabinet approach."

VMED closed yesterday at $24.66.