Virgin Media (NASDAQ: VMED) was upgraded by investment analysts at Macquarie from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday.
Separately, analysts at Morgan Stanley (NYSE: MS) reiterated an “equal weight” rating on shares of Virgin Media in a research note to investors on Wednesday. Analysts at Citigroup (NYSE: C) reiterated a “buy” rating on shares of Virgin Media in a research note to investors on Wednesday. They now have a $32.00 price target on the stock. Also, analysts at RBS (LON: RBS) downgraded shares of Virgin Media from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, January 4th.
Virgin Media Inc. (Virgin Media) is a provider of entertainment and communications services in the United Kingdom, offering quad-play broadband Internet, television, mobile telephony and fixed line telephony services. In addition, Virgin Media provides a portfolio of voice, data and Internet solutions to businesses, public sector organizations and service providers in the United Kingdom, through Virgin Media Business. It also provides a range of programming through Virgin Media Television (Virgin Media TV), which operates the wholly owned channels, such as Virgin1, Living and Bravo; and through UKTV, the joint ventures with BBC Worldwide. The Company operates in three business segments: Consumer, Business and Content. The Company’s subsidiaries include Virgin Media Investment Holdings Limited, Virgin Media Finance, Virgin Media Limited, Virgin Media Television Limited, Virgin Media Communications Limited and Virgin Media Holdings Inc.
Shares of Virgin Media traded up 3.72% during mid-day trading on Wednesday, hitting $23.70. Virgin Media has a 52 week low of $20.52 and a 52 week high of $33.32. The stock’s 50-day moving average is $21.74 and its 200-day moving average is $24.66. The company has a market cap of $7.132 billion and a price-to-earnings ratio of 73.71.
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