Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating on Liberty Global A (LBTYA) today and set a price target of $32. The company’s shares closed yesterday at $26.33.
Wlodarczak noted:
“We tweaked our RGU and financial forecasts prior to the 1Q report that resulted in overall no material changes to our forecasts or our conservative $32 YE’19 target price. For 1Q, we are forecasting core (ex-announced deals) RGU’s of +41K (up +11K from our previous forecast on CEE), +0.6% 1Q rebased revenue growth (mismatched y/y U.K. price increase + difficult U.K. mobile handset comp) [+1.3% for ’19 exacerbated by Telenet loss of MVNO beginning in 2Q], flat rebased 1Q EBITDA growth (mainly already announced significant UK incremental tax hit running through on UK tax, artificially high UK programming costs and loss of MVNO at Telenet). In key market the U.K. we expect steady improvement in EBITDA results with 1Q being the low water mark (-1.5% to +0.7% in 4Q).”
According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 8.1% and a 61.5% 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.
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The company has a one-year high of $33.50 and a one-year low of $19.88. Currently, Liberty Global A has an average volume of 1.85M.
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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.
