Wunderlich Securities Reiterates Buy on Liberty Global

Wunderlich Securities reiterated its Buy rating on Liberty Global

following a meeting with the company's management. In a research report published today, Wunderlich states, "We remain upbeat on Buy-rated Liberty Global (

) 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.