Report
Allan C. Nichols
EUR 147.86 For Business Accounts Only

Liberty Global Reported Light Q2 Results, but Maintaining Fair Value Estimate; Shares Undervalued

Liberty Global reported second-quarter results that were a bit light, but we are maintaining our fair value estimate and narrow moat rating. Reported revenue increased 5% versus our full-year projection of 11.6%. However, the quarter only partially included the acquisitions of BASE and Cable & Wireless Communication, which we include through the rest of the year. The firm’s organic revenue growth was 3%, which was close to our expectations. Liberty’s German operation was once again the star,...
Underlying
Liberty Global Plc Class A

Provider
Morningstar
Morningstar

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.

Analysts
Allan C. Nichols

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