Zacks: Liberty Broadband Corp Series C (LBRDK) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokers have set a 1-year consensus target price of $104.00 for the company and are anticipating that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also given Liberty Broadband Corp Series C an industry rank of 35 out of 257 based on the ratings given to related companies.

LBRDK has been the subject of several analyst reports. ValuEngine upgraded shares of Liberty Broadband Corp Series C from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. TheStreet upgraded shares of Liberty Broadband Corp Series C from a “c+” rating to a “b” rating in a research report on Tuesday, November 6th. Finally, Zacks Investment Research upgraded shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Thursday, November 1st.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Massey Quick Simon & CO. LLC bought a new stake in shares of Liberty Broadband Corp Series C in the second quarter worth $136,000. NEXT Financial Group Inc bought a new stake in Liberty Broadband Corp Series C during the third quarter worth $166,000. Holistic Financial Partners bought a new stake in Liberty Broadband Corp Series C during the third quarter worth $205,000. Intellectus Partners LLC raised its position in Liberty Broadband Corp Series C by 1,732.3% during the third quarter. Intellectus Partners LLC now owns 2,437 shares of the company’s stock worth $205,000 after acquiring an additional 2,304 shares in the last quarter. Finally, Alexandria Capital LLC bought a new stake in Liberty Broadband Corp Series C during the third quarter worth $206,000. 51.99% of the stock is currently owned by hedge funds and other institutional investors.

LBRDK traded down $0.81 during midday trading on Monday, hitting $84.04. The company had a trading volume of 539,500 shares, compared to its average volume of 793,254. The company has a debt-to-equity ratio of 0.05, a quick ratio of 9.56 and a current ratio of 9.56. Liberty Broadband Corp Series C has a twelve month low of $68.33 and a twelve month high of $99.68.

About Liberty Broadband Corp Series C

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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