In a report released today, Jeffrey Wlodarczak from Pivotal Research maintained a Buy rating on GCI Liberty Inc (NASDAQ: GLIBA), with a price target of $61. The company’s shares closed yesterday at $42.99, close to its 52-week low of $42.50.
Wlodarczak noted:
“We continue to believe, as early as March 2019, there is a high probability that GLIBA/LBRDK (BUY) could enter into an RMT merger with CHTR (BUY), in somewhat 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 General Communications, when we believe any potential tax issues around this potential transaction would likely be over for CHTR. This transaction should drive GLIBA’s current (-20%) discount to NAV to near 0% (assuming CHTR purchases the GCI asset for the same price as GLIBA).”
According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 7.5% and a 59.3% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Charter Communications, and Liberty LiLAC Group.
GCI Liberty Inc has an analyst consensus of Moderate Buy, with a price target consensus of $79.
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The company has a one-year high of $55.47 and a one-year low of $42.50. Currently, GCI Liberty Inc has an average volume of 622.1K.
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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.
