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Liberty Global: Target share price $59

Liberty Global  is expected to unveil its Q1/2015 results on May 7th and one investment banker has issued a report with a share-price target for the MSO of $59 (currently around $52) and helped by steady revenues (expected to be some $4.57 billion) and up about 3.8 per cent y-o-y.

Investment house Jefferies, in its note to clients, says that in the UK the competitive environment is relatively quiet, and that the company’s ‘Project Lightning’ scheme to connect another 4 million UK homes and businesses along with a £3 billion spend in the infrastructure to support the extra business, is still in the planning phase.

Liberty Global operates in 14 mostly European countries, and Jefferies is anticipating further growth out of the UK, perhaps as many as 80,000 new broadband connections in Germany. Belgium’s Telenet unveils its numbers on April 28th. The Netherlands will see the first reporting of its contribution from Ziggo, acquired last year by UPC.

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