Bourkoff Gives Knology a ‘Buy’

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UBS Warburg cable analyst Aryeh Bourkoff initiated coverage on overbuilder Knology Inc., last Friday, with a “buy” rating and a $7.50 price target, citing its high penetration of voice and data subscribers.

Bourkoff estimated that data penetration (currently at 42%) could climb to 48% of basic customers by the end of the year, the highest in the industry. Voice penetration, could rise to 54% of video subscribers by year-end, Bourkoff predicted.