Liberty Broadband (NASDAQ:LBRDK) PT Lowered to $200.00 at TD Securities

Liberty Broadband (NASDAQ:LBRDKGet Rating) had its price target dropped by equities researchers at TD Securities from $225.00 to $200.00 in a research report issued on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 73.19% from the company’s current price.

Other equities analysts also recently issued reports about the stock. StockNews.com started coverage on shares of Liberty Broadband in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised shares of Liberty Broadband from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Rosenblatt Securities started coverage on shares of Liberty Broadband in a report on Tuesday, April 19th. They set a “buy” rating and a $222.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Liberty Broadband presently has an average rating of “Buy” and a consensus target price of $205.43.

LBRDK stock traded up $0.91 during midday trading on Monday, hitting $115.48. 19,505 shares of the stock traded hands, compared to its average volume of 1,056,049. The firm has a market cap of $19.39 billion, a P/E ratio of 21.10 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.79 and a quick ratio of 0.79. The stock’s fifty day simple moving average is $133.99 and its 200-day simple moving average is $148.82. Liberty Broadband has a 1-year low of $107.40 and a 1-year high of $194.05.

Liberty Broadband (NASDAQ:LBRDKGet Rating) last posted its quarterly earnings data on Friday, February 25th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.47. The business had revenue of $248.96 million for the quarter, compared to the consensus estimate of $237.94 million. Liberty Broadband had a net margin of 74.09% and a return on equity of 8.22%. On average, research analysts predict that Liberty Broadband will post 7.16 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. United Capital Financial Advisers LLC increased its position in Liberty Broadband by 4.1% during the third quarter. United Capital Financial Advisers LLC now owns 1,662 shares of the company’s stock worth $287,000 after purchasing an additional 66 shares during the last quarter. Commerce Bank increased its position in Liberty Broadband by 0.5% during the fourth quarter. Commerce Bank now owns 12,287 shares of the company’s stock worth $1,979,000 after purchasing an additional 67 shares during the last quarter. Bridgefront Capital LLC increased its position in Liberty Broadband by 3.0% during the fourth quarter. Bridgefront Capital LLC now owns 2,402 shares of the company’s stock worth $387,000 after purchasing an additional 69 shares during the last quarter. Xponance Inc. increased its position in Liberty Broadband by 4.8% during the first quarter. Xponance Inc. now owns 1,610 shares of the company’s stock worth $218,000 after purchasing an additional 74 shares during the last quarter. Finally, Synovus Financial Corp increased its position in Liberty Broadband by 2.2% during the fourth quarter. Synovus Financial Corp now owns 3,598 shares of the company’s stock worth $579,000 after purchasing an additional 79 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Broadband (Get Rating)

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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