Canaccord Genuity Maintains a 'Buy' on Virgin Media (VMED); Not That Vulnerable to YouView Launch

Canaccord Genuity maintains a 'Buy' on Virgin Media (NASDAQ: VMED) price target of $33.00.

Analyst, Thomas Eagan, said, "Over the past several weeks, some of the investor concern with VMED’s competitive position seems to have been assuaged. The launch of YouView tomorrow, however, could re-ignite concerns. On the contrary, we continue to believe that VMED will continue to take market share among paying video subscribers in its footprint. That coupled with strong operating leverage, an improving balance sheet and continued share repurchases should enable the trading multiple to continue to rise."

For an analyst ratings summary and ratings history on Virgin Media click here. For more ratings news on Virgin Media click here.

Shares of Virgin Media closed at $24.83 yesterday.

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