In a report released today, Jeffrey Wlodarczak from Pivotal Research reiterated a Buy rating on GCI Liberty Inc (GLIBA), with a price target of $63. The company’s shares opened today at $46.62.
Wlodarczak commented:
“We continue to believe, as late 1Q/early 2Q 2019, there is a high probability that GLIBA/LBRDK (BUY) could enter into an RMT merger with CHTR (BUY), in similar fashion to the ’09 all stock RMT merger between DIRECTV (T, N/R) and Liberty Entertainment. 2019 would mark the one-year anniversary of the close of GLIBA’s acquisition of GCI, when we believe any potential tax issues around this potential transaction would likely be over for CHTR. This transaction should drive GLIBA’s current (-15%) discount to NAV to near 0% (assuming CHTR [which has obvious healthy synergies mainly in the form of programming] purchases the GCI asset for a 5% discount to what GLIBA paid).”
According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 6.3% and a 54.7% 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.
GCI Liberty Inc has an analyst consensus of Moderate Buy, with a price target consensus of $63.
See today’s analyst top recommended stocks >>
The company has a one-year high of $55.47 and a one-year low of $41.33. Currently, GCI Liberty Inc has an average volume of 384.9K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
GCI Liberty, Inc. is a holding company. It is a communications provider in Alaska. The company provides a full range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions. It operates through the GCI brand name.
