Goldman Sachs Boosts Price Target on Liberty Global (LBTYA)

March 26, 2012 9:02 AM EDT
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Price: $34.96 +0.09%

Rating Summary:
    14 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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Goldman Sachs raised its price target on Buy-rated Liberty Global (NASDAQ: LBTYA) from $60.60 to $65.60 as they roll valuation forward to 2013E

The firm also updates estiamtes to reflect reported operating performance, FX, increased clarity on Austar and the impact of the mobile roll-out in Chile as well as the introduction of a 'going for growth' strategy in Germany.

"We believe that 2012 represents an important year for LGI where strong operational execution on ‘going for growth', the launch of the Horizon platform and the introduction of mobile services in Chile all represent levers to accelerate group top-line growth into the medium term," the firm comments.

Goldman lowered FY12 EPS from $2.19 to $1.83, FY13 from $3.88 to $3.41 and FY14 from $5.55 to $4.69.

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 $50.27 yesterday.

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