Liberty Broadband (NASDAQ:LBRDK) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Liberty Broadband (NASDAQ:LBRDK – Get Rating) from a hold rating to a sell rating in a report published on Tuesday.

Other equities analysts have also issued research reports about the company. Rosenblatt Securities initiated coverage on Liberty Broadband in a research note on Tuesday, April 19th. They issued a buy rating and a $222.00 price objective on the stock. Zacks Investment Research raised Liberty Broadband from a sell rating to a hold rating in a research note on Tuesday, May 3rd. Finally, TD Securities dropped their target price on Liberty Broadband from $225.00 to $200.00 and set a buy rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and an average target price of $205.43.

Shares of LBRDK stock opened at $114.81 on Tuesday. The stock’s fifty day simple moving average is $132.93 and its 200 day simple moving average is $147.97. 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 firm has a market cap of $19.27 billion, a price-to-earnings ratio of 20.99 and a beta of 1.02. Liberty Broadband has a one year low of $107.40 and a one year high of $194.05.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Holdings LLC bought a new stake in shares of Liberty Broadband in the third quarter worth about $26,000. Prospera Financial Services Inc bought a new stake in shares of Liberty Broadband in the first quarter worth about $26,000. Godsey & Gibb Associates bought a new stake in shares of Liberty Broadband in the fourth quarter worth about $29,000. Covestor Ltd bought a new stake in shares of Liberty Broadband in the fourth quarter worth about $32,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Liberty Broadband in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

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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