Liberty Global (LBTYA) Buy Rating Reiterated at Wunderlich

Wunderlich Securities reiterated a Buy rating on Liberty Global (NASDAQ: LBTYA) with a price target of $55.00. Analyst Matthew Harrigan noted encouraging cable show commentary.

"NCTA show presentations yesterday from CEO Mike Fries and CTO Balan Nair confirmed our positive view on Buy-rated Liberty Global's (LBTYA) technology roadmap and organic growth prospects. Beyond the appeal of the Horizon gateway, LBTYA's broadband and in-home WiFi capabilities allow it to take advantage of the 70% of overall tablet video consumption that occurs in the home. Conversely, Liberty Global is now poised to rollout VMNO (Virtual Mobile Network Operator) arrangements across its European markets. We also estimate that the current stock price level now exaggerates negative 1.5% annual per triple play product pricing deterioration through 2018 across all markets. (This is according to our European market indices linked valuation approach)," said Harrigan.

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Shares of Liberty Global closed at $39.36 yesterday.

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