Barclays Rates Liberty Global (LBTYA) as Top Pick in Cable & Satellite; Expects Continued Strong Growth
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Price: $16.76 +0.90%
Rating Summary:
11 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
11 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Barclays maintains an 'Overweight' on Liberty Global (NASDAQ: LBTYA) price target of $48.00.
Analyst, James M. Ratcliffe, said, "We continue to find LGI's combination of robust organic growth and a shareholder-friendly capital structure and capital return plan attractive, and believe the company is well positioned to generate robust long-term growth (forecasting 37% FCF/share CAGR 2011-15E, driven by FCF growth and share-count reductions). While very strong recent performance (up 30% since 12/14 11.6% for the S&P 500) could constrain near-term upside, LBTYA remains our top pick in cable and satellite."
Ratcliffe expects strong sub growth in Q4 and approx. 5% organic top-line EBITDA growth in FY12. (Barclays lowers FY11 EPS from -1.32 to -1.36, but raises FY12 from $0.83 to $1.15)
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 $49.32 yesterday.
Analyst, James M. Ratcliffe, said, "We continue to find LGI's combination of robust organic growth and a shareholder-friendly capital structure and capital return plan attractive, and believe the company is well positioned to generate robust long-term growth (forecasting 37% FCF/share CAGR 2011-15E, driven by FCF growth and share-count reductions). While very strong recent performance (up 30% since 12/14 11.6% for the S&P 500) could constrain near-term upside, LBTYA remains our top pick in cable and satellite."
Ratcliffe expects strong sub growth in Q4 and approx. 5% organic top-line EBITDA growth in FY12. (Barclays lowers FY11 EPS from -1.32 to -1.36, but raises FY12 from $0.83 to $1.15)
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 $49.32 yesterday.
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