Zacks: GCI Liberty Inc (GLIBA) Given Consensus Recommendation of “Strong Buy” by Brokerages

Shares of GCI Liberty Inc (NASDAQ:GLIBA) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price objective of $60.50 for the company and are expecting that the company will post ($0.23) EPS for the current quarter, according to Zacks. Zacks has also given GCI Liberty an industry rank of 58 out of 256 based on the ratings given to its competitors.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of GCI Liberty from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. B. Riley reaffirmed a “buy” rating on shares of GCI Liberty in a research report on Tuesday, December 4th.

A number of large investors have recently added to or reduced their stakes in GLIBA. FMR LLC increased its position in GCI Liberty by 75.2% during the second quarter. FMR LLC now owns 2,241,836 shares of the company’s stock worth $101,062,000 after acquiring an additional 962,193 shares during the period. Thompson Siegel & Walmsley LLC increased its position in GCI Liberty by 29,448.6% during the third quarter. Thompson Siegel & Walmsley LLC now owns 892,367 shares of the company’s stock worth $45,511,000 after acquiring an additional 889,347 shares during the period. BlackRock Inc. increased its position in GCI Liberty by 8.6% during the second quarter. BlackRock Inc. now owns 4,571,731 shares of the company’s stock worth $206,093,000 after acquiring an additional 363,390 shares during the period. Makaira Partners LLC increased its position in GCI Liberty by 14.6% during the third quarter. Makaira Partners LLC now owns 2,669,682 shares of the company’s stock worth $136,154,000 after acquiring an additional 339,639 shares during the period. Finally, Vanguard Group Inc increased its position in GCI Liberty by 2.3% during the third quarter. Vanguard Group Inc now owns 8,405,933 shares of the company’s stock worth $428,703,000 after acquiring an additional 190,577 shares during the period. 83.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of GLIBA opened at $43.64 on Friday. GCI Liberty has a fifty-two week low of $38.72 and a fifty-two week high of $55.47. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 0.62.

GCI Liberty (NASDAQ:GLIBA) last issued its quarterly earnings data on Thursday, November 8th. The company reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.62). The company had revenue of $210.15 million during the quarter, compared to the consensus estimate of $234.00 million. GCI Liberty had a negative net margin of 67.49% and a negative return on equity of 26.66%. As a group, equities research analysts anticipate that GCI Liberty will post -2.17 earnings per share for the current fiscal year.

About GCI Liberty

GCI Liberty, Inc provides various communication services in the United States. The company offers data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions. It also provides cable services; and online invitation and social event planning services, as well as engages in the online lending and real estate business.

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