Nomura Reiterates Buy on Liberty Global (LBTYA)

Nomura Securities reiterated their Buy rating on Liberty Global (NASDAQ: LBTYA) with a price target of $53.00.

"Liberty reported solid Q2 results, delivering 5.2% and 2.5% rebased revenue and OCF growth respectively, broadly in line with our forecasts, with the company also confirming all its full-year guidance," said Henrick Nyblom, an analyst at Nomura.

"There were strong performances in Germany and Switzerland, but Chile was slightly weaker, in part due to higher wireless start-up costs. Liberty repurchased c.$430m of shares by end-June, less than halfway through its $1bn programme, paving the way for an acceleration of the buybacks during H2. We will review
our forecasts post the call today, but reiterate our Buy rating," added Nyblom.

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 $54.21 yesterday.

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