Wunderlich Securities Feels Confident in Liberty Global PLC Ahead of Q4 Results Report

In a report published Thursday, Wunderlich Securities analyst Matthew Harrigan reiterated a Buy rating and $96.00 price target on

. In the report, Wunderlich Securities noted, “Buy-rated Liberty Global (LBTYA) is reporting Q4 results after the close today and hosting a CC Friday morning at 9:00am EST. (The domestic and international call-in #s are 877-545-1414 and 719-325-4841). Although qualitative advanced service momentum should continue with the Horizon gateway and DOCSIS 3.0 broadband speeds that trump telecom competitors, we are looking for rebased revenue of only 3% and barely nominally positive OCF, including the comparison albatrosses against transient Q412 benefits in the U.K. and Germany. We still arrive at a $96 price target after adjusting for the 2014 Ziggo merger and allowing for recent movements in European indices to flow into our market linked valuation approach.” Liberty Global PLC closed on Wednesday at $84.19.