Liberty Broadband Co. (NASDAQ:LBRDK) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Liberty Broadband Co. (NASDAQ:LBRDKGet Rating) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $172.25.

LBRDK has been the subject of several research reports. TD Securities lowered their target price on Liberty Broadband from $200.00 to $185.00 in a research note on Wednesday, June 29th. Morgan Stanley lowered their target price on Liberty Broadband from $139.00 to $122.00 and set an “equal weight” rating for the company in a research note on Friday, August 19th.

Liberty Broadband Stock Down 0.8 %

NASDAQ LBRDK opened at $90.56 on Tuesday. The stock has a fifty day moving average of $110.18 and a 200-day moving average of $120.17. The stock has a market capitalization of $13.93 billion, a P/E ratio of 11.26 and a beta of 0.92. Liberty Broadband has a 52 week low of $89.61 and a 52 week high of $179.27. 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 (NASDAQ:LBRDKGet Rating) last released its earnings results on Friday, August 5th. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $1.78 by $1.09. The company had revenue of $239.00 million during the quarter, compared to analysts’ expectations of $240.38 million. Liberty Broadband had a return on equity of 13.94% and a net margin of 142.14%. On average, equities research analysts forecast that Liberty Broadband will post 8 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LBRDK. Prospera Financial Services Inc bought a new position in Liberty Broadband during the first quarter worth about $26,000. Godsey & Gibb Associates bought a new position in Liberty Broadband during the fourth quarter worth about $29,000. Covestor Ltd bought a new position in Liberty Broadband during the fourth quarter worth about $32,000. Rosenberg Matthew Hamilton bought a new position in Liberty Broadband during the second quarter worth about $40,000. Finally, Private Trust Co. NA bought a new position in Liberty Broadband during the second quarter worth about $40,000. 75.65% of the stock is currently owned by institutional investors.

Liberty Broadband Company Profile

(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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