KDG set to benefit from convergence

German cable operator Kabel Deutschland (KDG) will benefit from the wash away of the borders between the telecoms and TV markets, according to investment bank Goldman Sachs.

Analyst Hugh McCaffrey has upped its recommendation for the cabler to buy with a price target of €34.70 per share. He said that the company can profit its advantage in the cable network business and reach sustainable growth through conquering market shares.