Liberty Global is the largest pay-TV provider in Europe.
Liberty Global reported slightly weak second-quarter results. We are maintaining our $38 fair value estimate, and our narrow moat remains intact. The firm reported revenue grew 9.9% year over year versus our full-year forecast of 9.3%. As in the first quarter, most of the revenue growth is from the U.S. dollar strengthening against the British pound and the euro. We anticipate this relationship to hold throughout the year. Excluding foreign exchange movements, Liberty Global reported revenue gre...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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