We upgrade our recommendation on Liberty Interactive (LINTA) to Outperform following its robust financial results for the second quarter of 2012. Both top- and bottom-line beat the Zacks Consensus Estimates. We believe the TV home shopping business will continue to flourish in the near future as the global macro-economy is expected to gradually stabilize compared with massive fluctuations in the last couple of years. <\/p>\n
The company's prestigious QVC division continues to perform exceptionally well. The QVC shopping network has successfully transformed itself into a powerful global brand, which may facilitate Liberty Interactive to boost its revenue into double digits. <\/p>\n
The strategic move taken by management to offer QVC programs on mobile platforms, such as smartphones and tablets, was a huge success. Furthermore, Liberty Interactive is continuously generating positive free cash flow to sustain its future endeavors. <\/p>\n
LIBERTY M INT-A (LINTA): Free Stock Analysis Report <\/p>\n
Zacks Investment Research <\/p>\n
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Liberty Interactive (LINTA)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" We upgrade our recommendation on Liberty Interactive (LINTA) to Outperform following its robust financial results for the second quarter of 2012. Both top- and bottom-line beat the Zacks Consensus Estimates Continue reading