Citi Provides Color On Virgin Media (VMED)

Citi provided color on Virgin Media VMED in a research report published this morning, on the heels of Virgin Media's Q4 announcement. In the report, Citi states, "In 2011 VMed expects more balanced growth across the group: less dependent on consumer, more on the business division. The company is cautious about the potential for consumer price rises given higher UK VAT rates and its recent price changes provided a smaller overall increase than a year ago; however, we are confident that new products will provide pricing power." Shares of Virgin Media were at $27.86 in Wednesday after hours trading, down 0.14% from Wednesday's market close.
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Posted In: Analyst ColorAnalyst RatingsBroadcasting & Cable TVCitiConsumer Discretionary
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