Matthew Harrigan, an analyst from Benchmark Co., maintained the Buy rating on Liberty Global LiLAC. The associated price target remains the same with $12.00.
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Matthew Harrigan has given his Buy rating due to a combination of factors that highlight Liberty Global LiLAC’s potential for growth and stability. The company has achieved significant penetration in Fixed Mobile Convergence across its major markets, with room for further expansion in stable duopoly market structures. Additionally, Liberty Networks’ unique infrastructure assets, such as the new manta subsea network, play a crucial role in regional connectivity, enhancing the company’s value proposition.
Despite challenges with Liberty Puerto Rico, Harrigan notes that the company’s debt structure is siloed, mitigating risks of a capital call. The company’s management, led by experienced executives, is adept at navigating debt restructurings, providing a cushion until 2026 for financial decisions regarding its Puerto Rican subsidiary. Furthermore, the company’s valuation is carefully assessed against the MSCI Latin American Emerging Markets index, with conservative assumptions on debt costs, supporting a $12 price target. These factors collectively underpin the Buy rating, reflecting confidence in Liberty Global LiLAC’s strategic positioning and financial resilience.
According to TipRanks, Harrigan is a 2-star analyst with an average return of 0.4% and a 54.46% success rate. Harrigan covers the Communication Services sector, focusing on stocks such as Warner Bros, Comcast, and Liberty Global LiLAC.