Liberty Global C, the Communication Services sector company, was revisited by a Wall Street analyst yesterday. Analyst Jeffrey Wlodarczak from Pivotal Research reiterated a Buy rating on the stock and has a $16.00 price target.
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Jeffrey Wlodarczak has given his Buy rating due to a combination of factors. Despite Liberty Global C’s mixed quarterly results, the company showed stronger than expected revenue and EBITDA in its consolidated operations, largely due to favorable currency exchange rates. Additionally, management’s commitment to closing the significant NAV gap to PMV and their plans for a material transaction within the next 12-24 months are seen as positive steps.
Furthermore, Liberty Global C’s strategic focus on reducing corporate costs and its potential to attract infrastructure investors for its Belgium Wyre netco by the end of 2025 are promising. The company’s history of successful asset sales at valuations above expectations also supports the Buy rating. Although there are risks such as high leverage and competitive pressures, the company’s well-termed debt and material investment asset value provide a cushion against potential volatility.
Wlodarczak covers the Communication Services sector, focusing on stocks such as Charter Communications, Netflix, and Spotify. According to TipRanks, Wlodarczak has an average return of 3.3% and a 52.42% success rate on recommended stocks.