Barclays Reiterates an 'Overweight' on Liberty Global (LBTYA); Several Positives As Story Remains Intact

Barclays reiterates an 'Overweight' on Liberty Global (NASDAQ: LBTYA) price target raised from $48 to $56.

Analyst, James M. Ratcliffe, said, "We continue to find LGI's combination of healthy growth (5-6% EBITDA growth in 2012, even with the costs of KBW integration and the impact of a full year of Telenet soccer costs) and a shareholder-friendly capital structure appealing."

Other highlighted points include: 1) Expect Ziggo IPO to Support LGI Valuation; 2) Expecting 2012 to be a Quiet M&A Year; 3) Austar Sale Prospects Look Good; and 4) Expecting 5-6% Organic Revenue and EBITDA Growth in 2012E.

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 $50.68 yesterday.

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