- Credit Suisse analyst Luis Sanchez-Lecaroz upgraded Liberty Global PLC (NASDAQ:LBTYA) to Outperform from Neutral with a price target of $35, up from $26.
- The price target implies an upside of 35%.
- Sanchez-Lecaroz sees upside from Liberty's fiber and other monetizations.
- Sanchez-Lecaroz considers Liberty Global as the best way for investors to attain exposure to fiber challenger business models following the Virgin Media O2 (legally VMED O2 UK Limited) joint venture to expand its footprint from 50% to 75%.
- In 2020, Liberty Global and Telefonica SA (NYSE:TEF) forged the JV by merging their respective Virgin Media and O2 UK businesses.
- Price Action: LBTYA shares traded higher by 2.65% at $25.92 on the last check Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Credit Suisse Bumps Up Liberty Global's Price Target By 35%
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks