GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Downgraded by Zacks Research to Strong Sell

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

GCI Liberty, Inc. – Series A GCI Group Stock Down 2.4%

Shares of NASDAQ:GLIBA opened at $25.59 on Thursday. GCI Liberty, Inc. – Series A GCI Group has a 1 year low of $25.26 and a 1 year high of $41.87. The company has a market cap of $734.43 million and a PE ratio of -2.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. The stock’s 50-day moving average is $35.20 and its 200 day moving average is $35.95.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. The business had revenue of $256.00 million for the quarter. Sell-side analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current year.

Hedge Funds Weigh In On GCI Liberty, Inc. – Series A GCI Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at $84,000. AlphaQuest LLC bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at $31,000. Oppenheimer Asset Management Inc. bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at $462,000. S&CO Inc. bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at $387,000. Finally, Rhumbline Advisers bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at $122,000.

GCI Liberty, Inc. – Series A GCI Group Company Profile

GCI Liberty, Inc, together with its subsidiaries, 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 primarily in Alaska under the GCI brand. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services. The company is based in Englewood, Colorado.