Liberty Global (LBTYA) Target, Estimates Raised at Jefferies

December 18, 2013 1:29 PM EST
Get Alerts LBTYA Hot Sheet
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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Jefferies reiterated a Buy rating and raised its price target on Liberty Global (NASDAQ: LBTYA) from $92 to $102 citing operational momentum.

Analyst Ulrich Rathe weighs in: "LBTY's consolidation activity in Europe provides unhelpful visibility to 'holdouts', who have driven up the price of potential targets. As a result, we find it hard to identify value-accretive scenarios for an acquisition of Ziggo, even in the face of strong industrial logic. However, even if M&A opportunities offer limited upside, we continue to focus on operational momentum. Estimates nudge up, if mostly on FX, and we reiterate our Buy (PT $102 from $92)."

The firm bumped FY 2013 EPS from $0.72 to $0.76 and FY 2014 EPS from $0.91 to $0.99.

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 $83.81 yesterday.

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