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

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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

DateFirmActionFromTo
Aug 2017Morgan StanleyMaintainsEqual-Weight
Jul 2017RedburnUpgradesBuy
Jun 2017UBSInitiates Coverage OnNeutral

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

 

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