Close

Barclays Maintains an 'Overweight' on Liberty Global (LBTYA); After KBW, Are Sights Set on the Netherlands?

April 7, 2011 1:23 PM EDT
Get Alerts LBTYA Hot Sheet
Price: $16.93 +1.87%

Rating Summary:
    11 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 3 | New: 1
Join SI Premium – FREE
Barclays maintains an 'Overweight' on Liberty Global (NASDAQ: LBTYA), PT $48.

Barclays analyst says, "LGI is clearly increasing its focus on Europe, with an announced deal in Germany (KBW) and press reports of a potential, and larger, acquisition in the Netherlands (Ziggo). We view the KBW deal as strategically attractive and valuation as reasonable; the deal is compatible with the company's buyback targets. Ziggo would make a much larger target; although strategic logic (consolidation of Dutch operations) is sound, a potential deal would likely face materially higher financing and regulatory challenges."

For more ratings news on Liberty Global click here and for the rating history of Liberty Global click here.

Shares of Liberty Global closed at $42.70 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments

Related Entities

Barclays