Market Overview

UPDATE: Bank of America Initiates Liberty Global at Buy on Favorable Exposure, Leverage

Related LBTYA
The Stocks That Moved The S&P, Dow And Nasdaq Today
Earnings Scheduled For February 16, 2016
Lions Gate +6.9%; next target up after DreamWorks Animation sale? (Seeking Alpha)

Bank of America initiated overage on Liberty Global, Inc. (NASDAQ: LBTYA) with a Buy rating and a $77.00 price objective.

Bank of America noted, "Liberty Global trades on 11.3x 2013E OpFCF, broadly in line with peers. We believe it should trade at a premium given its exposure to Germany, strong FCF growth, ability to extract synergies through consolidation, tax assets and multinational benefits (tax and financial efficiency). Ongoing cash returns should also provide support."

Liberty Global closed at $65.96 on Thursday.

Latest Ratings for LBTYA

Mar 2016BarclaysMaintainsOverweight
Mar 2016CitigroupMaintainsBuy
Jan 2016RBC CapitalMaintainsOutperform

View More Analyst Ratings for LBTYA
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Initiation Pre-Market Outlook Analyst Ratings


Related Articles (LBTYA)

View Comments and Join the Discussion!