Pivotal Research Sticks to Their Buy Rating for Liberty Global A

In a report released today, Jeffrey Wlodarczak from Pivotal Research maintained a Buy rating on Liberty Global A (NASDAQ: LBTYA), with a price target of $38. The company’s shares opened today at $30.50.

Wlodarczak said:

“We updated our forecasts in front of 1Q results and a speculated German/E. Eastern Europe asset sale announcement next week. In a nutshell we left our rebased 1Q +3.5% revenue forecast unchanged, raised our 1Q rebased EBITDA growth forecast from +3% to +4% (on lower than forecast promotional activity + already announced Belgium 1Q strength), reduced our 1Q RGU forecast from +185K to +76K and updated currencies. We also conservatively reduced our RGU forecasts in the out years of our forecasts, offset partially by higher assumed U.K. ARPU’s. The changes drove a $4 reduction in our YE’18 target to $38. The RGU reduction was driven by: 1) aforementioned less low-end promotional activity specifically in the U.K. (which should show up in continued improving U.K.”

According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 6.2% and a 51.5% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Charter Communications, and Liberty LiLAC Group.

Currently, the analyst consensus on Liberty Global A is Strong Buy and the average price target is $42.88, representing a 40.6% upside.

In a report issued on April 20, RBC Capital also reiterated a Buy rating on the stock with a $43 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $39.73 and a one-year low of $28.17. Currently, Liberty Global A has an average volume of 2.04M.

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.

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. It operates through the following geographical segments: U.K/Ireland; Belgium; Germany; Switzerland/Austria; and Central and Eastern Europe. The company was founded on June 7, 2013 and is headquartered in London, the United Kingdom.