Liberty Global A (LBTYA) Receives a Buy from Pivotal Research

By Austin Angelo

In a report released today, Jeffrey Wlodarczak from Pivotal Research reiterated a Buy rating on Liberty Global A (LBTYAResearch Report), with a price target of $32. The company’s shares closed yesterday at $25.50.

Wlodarczak noted:

“We updated our financial forecasts for the company’s 10-K and to adjust forecasts for the already announced attractive sale of Liberty Swiss assets for ~10X ’19 EBITDA. The decision to sell Switzerland marks the 3 rd major disposition of assets (all at low double digit multiples) a material premium to Liberty Global’s valuation and in our view increases the odds of an outright sale of the balance of Liberty Global’s asset base.”

According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 8.1% and a 61.2% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Charter Communications, and Sirius XM Holdings Inc.

Liberty Global A has an analyst consensus of Moderate Buy, with a price target consensus of $28.47, representing an 11.6% upside. In a report issued on March 1, Barclays also maintained a Buy rating on the stock with a $30 price target.

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The company has a one-year high of $33.59 and a one-year low of $19.88. Currently, Liberty Global A has an average volume of 1.97M.

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Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services, including video, broadband Internet and fixed-line telephony services; B2B services; as well as mobile services.