Canaccord Genuity Maintains a 'Buy' on Liberty Media (LMCA); Q1 Preview; BKS/MSFT Deal A Positive
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Price: $126.20 +0.60%
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade LMCA Now!
Canaccord Genuity maintains a 'Buy' on Liberty Media (NASDAQ: LMCA) price target of $101.00.
Analyst, Thomas Eagan, said, "We believe that the Barnes&Noble (NYSE: BKS) agreement with Microsoft (Nasdaq: MSFT) (and the impact on the BKS market cap) is nominally positive for the LMCA NAV. More specifically, we estimate that Monday’s 51% increase in BKS adds between $50M and $90M in value to the LMCA NAV, or from $0.40 to $0.75 per share."
"Looking at LMCA’s Q1/12, we expect it will be slightly confusing given the inclusion of Liberty Capital Group with Starz LLC. That will be compounded by the former Capital Group’s pro forma results for Q1/12 versus Q1/11, which we expect will show revenue and OCF declines. These declines are due to True Position’s Q1/11’s “true-up” of one-time recognition of previously deferred revenue, which ballooned revenue and OCF for the quarter."
For an analyst ratings summary and ratings history on Liberty Media click here. For more ratings news on Liberty Media click here.
Shares of Liberty Media closed at $87.44 yesterday, with a 52 week range of $72.70-$104.34.
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Analyst, Thomas Eagan, said, "We believe that the Barnes&Noble (NYSE: BKS) agreement with Microsoft (Nasdaq: MSFT) (and the impact on the BKS market cap) is nominally positive for the LMCA NAV. More specifically, we estimate that Monday’s 51% increase in BKS adds between $50M and $90M in value to the LMCA NAV, or from $0.40 to $0.75 per share."
"Looking at LMCA’s Q1/12, we expect it will be slightly confusing given the inclusion of Liberty Capital Group with Starz LLC. That will be compounded by the former Capital Group’s pro forma results for Q1/12 versus Q1/11, which we expect will show revenue and OCF declines. These declines are due to True Position’s Q1/11’s “true-up” of one-time recognition of previously deferred revenue, which ballooned revenue and OCF for the quarter."
For an analyst ratings summary and ratings history on Liberty Media click here. For more ratings news on Liberty Media click here.
Shares of Liberty Media closed at $87.44 yesterday, with a 52 week range of $72.70-$104.34.
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