Liberty Broadband (NASDAQ:LBRDK – Get Rating) had its price target raised by investment analysts at Citigroup to $99.00 in a research report issued on Friday, Stock Target Advisor reports. Citigroup’s target price would suggest a potential upside of 22.77% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. Morgan Stanley reduced their price objective on shares of Liberty Broadband from $122.00 to $89.00 and set an “equal weight” rating for the company in a research note on Thursday, October 13th. StockNews.com initiated coverage on shares of Liberty Broadband in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.00.
Liberty Broadband Stock Up 1.2 %
Shares of LBRDK stock traded up $0.97 during trading hours on Friday, hitting $80.64. 1,546,237 shares of the company were exchanged, compared to its average volume of 1,105,938. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.23 and a current ratio of 1.23. Liberty Broadband has a one year low of $71.70 and a one year high of $172.84. The business’s 50-day simple moving average is $85.24 and its two-hundred day simple moving average is $106.30. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 10.03 and a beta of 1.08.
Liberty Broadband (NASDAQ:LBRDK – Get Rating) last posted its quarterly earnings data on Friday, August 5th. The company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $1.09. The business had revenue of $239.00 million for the quarter, compared to analyst estimates of $240.38 million. Liberty Broadband had a net margin of 142.14% and a return on equity of 13.94%. Sell-side analysts predict that Liberty Broadband will post 7.97 EPS for the current fiscal year.
Institutional Trading of Liberty Broadband
Hedge funds have recently modified their holdings of the stock. Prospera Financial Services Inc bought a new position in Liberty Broadband during the first quarter worth about $26,000. Koshinski Asset Management Inc. bought a new position in Liberty Broadband during the third quarter worth about $347,000. Rosenberg Matthew Hamilton bought a new position in Liberty Broadband during the second quarter worth about $40,000. Private Trust Co. NA bought a new position in Liberty Broadband during the second quarter worth about $40,000. Finally, CVA Family Office LLC increased its holdings in Liberty Broadband by 4,437.5% in the 2nd quarter. CVA Family Office LLC now owns 363 shares of the company’s stock valued at $42,000 after buying an additional 355 shares during the period. Institutional investors and hedge funds own 75.65% of the company’s stock.
Liberty Broadband Company Profile
Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.
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