Liberty Broadband Corp Series C (LBRDK) Rating Lowered to Sell at Zacks Investment Research

Liberty Broadband Corp Series C (NASDAQ:LBRDK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday.

According to Zacks, “Liberty Broadband Corporation, through its subsidiaries, engages in providing digital cable services to residential and commercial customers; and entertainment, information, and communications solutions. It also provides wireless location positioning and related services. Liberty Broadband Corporation is based in Englewood, Colorado. “

Several other research firms have also recently weighed in on LBRDK. TheStreet upgraded shares of Liberty Broadband Corp Series C from a “c+” rating to a “b” rating in a report on Tuesday, November 6th. ValuEngine upgraded shares of Liberty Broadband Corp Series C from a “sell” rating to a “hold” rating in a report on Thursday, September 27th.

Shares of NASDAQ LBRDK opened at $75.60 on Friday. Liberty Broadband Corp Series C has a 1 year low of $68.33 and a 1 year high of $99.68. The company has a debt-to-equity ratio of 0.05, a current ratio of 9.56 and a quick ratio of 9.56.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.27). The business had revenue of $3.52 million for the quarter. Liberty Broadband Corp Series C had a net margin of 9,562.04% and a return on equity of 20.10%. As a group, equities analysts expect that Liberty Broadband Corp Series C will post 0.7 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in LBRDK. Vanguard Group Inc boosted its stake in Liberty Broadband Corp Series C by 1.8% in the third quarter. Vanguard Group Inc now owns 9,972,642 shares of the company’s stock valued at $840,693,000 after acquiring an additional 175,570 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Liberty Broadband Corp Series C by 15.7% in the third quarter. Janus Henderson Group PLC now owns 1,970,572 shares of the company’s stock valued at $166,119,000 after acquiring an additional 268,095 shares during the last quarter. Franklin Resources Inc. boosted its stake in Liberty Broadband Corp Series C by 101.2% in the third quarter. Franklin Resources Inc. now owns 1,002,277 shares of the company’s stock valued at $84,484,000 after acquiring an additional 504,141 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Liberty Broadband Corp Series C by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 812,475 shares of the company’s stock valued at $61,522,000 after acquiring an additional 7,853 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Liberty Broadband Corp Series C by 712.8% in the second quarter. Morgan Stanley now owns 786,532 shares of the company’s stock valued at $59,556,000 after acquiring an additional 689,758 shares during the last quarter. Institutional investors and hedge funds own 57.25% of the company’s stock.

Liberty Broadband Corp Series C Company Profile

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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