Berenberg Starts Liberty Global (LBTYA) at Sell

Berenberg initiates coverage on Liberty Global (NASDAQ: LBTYA) with a Sell rating and a price target of $26.00.

Analyst Carl Murdock-Smith comments "After its planned disposals, Liberty Global will be left in markets where broadband penetration is near saturation, price increases are becoming harder to execute and increasing ultrafast broadband rollout by competitors is eroding the traditional cable marketing advantage of having a superior network. As such, we expect the group to report a decline in revenue in three of its four continuing major markets in 2018 – Switzerland, Belgium and the Netherlands."

For an analyst ratings summary and ratings history on Liberty Global click here. For more ratings news on Liberty Global click here.

Shares of Liberty Global closed at $30.14 yesterday.

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