Credit Suisse analyst Luis Sanchez-Lecaroz upgraded Liberty Global PLC to Outperform from Neutral with a price target of $35, up from $26.
The price target implies an upside of 35 percent.
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 percent to 75 percent.
In 2020, Liberty Global and Telefonica SA forged the JV by merging their respective Virgin Media and O2 UK businesses.
By Anusuya Lahiri
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