Hedge fund manager Philippe Laffont recommended Liberty Global Plc at an investment conference on Monday, saying that fresh demand in broadband services will help boost growth at the company. Laffont, speaking at the Sohn Investment Conference in New York, said Liberty's shares, now trading around $40 a share, could "easily" rise above $100 per share.He said the huge popularity in video streaming service Netflix will force homeowners to upgrade their broadband.Laffont described Liberty Global's business as "awesome" and praised the company's chief executive, John Malone.Laffont said he sees a chance that Vodafone could purchase Liberty Global, saying: "We think that merger will happen, it is just a question of time." He said it would be a good geographic fit, saying the companies would complement each other in Europe.
Shares of LBTYA traded higher by 2.78% or $1.1481/share to $42.45. In the past year, the shares have traded as low as $35.17 and as high as $46.46. On average, 4473550 shares of LBTYA exchange hands on a given day and today's volume is recorded at 5378243.
Source
