Liberty Global Inc (NASDAQ: LBTYA)?s stock had its ?neutral? rating reaffirmed by equities research analysts at Zacks Investment Research in a research note issued to investors on Monday. The analysts currently have a $38.00 price target on the stock.
Zacks? analyst wrote, ?Liberty Global continues to perform well supported by strong demand for its digital TV services, faster-speed of broadband networks, and triple-play bundled services. We believe that the long-term potential of Liberty Global is much more visible now after its decision to acquire the third largest cable operator in Germany, Kabel Baden and disinvestment of the Australian operation, Austar. Western Europe became an extremely lucrative segment for the cable operators. These markets are witnessing growing demand for pay-TV services coupled with triple-play bundled services that combines video, Internet, and telephony. Liberty Global already purchased the second largest German cable MSO, UnityMedia. The enlarged entity is expected to takeover the market share from the incumbent Kabel Deutschland. However, the regulatory delays are major concerns. We therefore, reiterate our long-term Neutral recommendation on Liberty Global. ?
Liberty Global, Inc. (LGI) is an international provider of video, voice and broadband Internet services, with consolidated broadband communications and/or direct-to-home (DTH) satellite operations. The Company operates in 14 countries, primarily in Europe, Japan and Chile. LGI conducts its business through its subsidiaries, including UPC Holding BV (UPC Holding) (an indirect wholly owned subsidiary), Telenet Group Holding NV (Telenet) (50.5% indirect controlling ownership interest) and Austar United Communications Limited (Austar) (indirect 55%-owned subsidiary). On January 28, 2010, the Company acquired Unitymedia GmbH. In February 2010, the Company announced the sale of its subsidiaries that directly or indirectly, including through certain trust arrangements hold its 37.8% ownership interest in Jupiter Telecommunications Co., Ltd. (J:COM) to KDDI Corporation.
Shares of Liberty Global Inc traded up 3.21% during mid-day trading on Monday, hitting $37.25. Liberty Global Inc has a 52 week low of $30.88 and a 52 week high of $47.31. The stock?s 50-day moving average is $37.64 and its 200-day moving average is $41.75. The company has a market cap of $10.644 billion and a price-to-earnings ratio of 26.73.
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