Zacks: Analysts Set $65.00 Price Target for GCI Liberty Inc Class A (GLIBA)

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Shares of GCI Liberty Inc Class A (NASDAQ:GLIBA) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price objective of $65.00 for the company and are anticipating that the company will post ($0.11) EPS for the current quarter, according to Zacks. Zacks has also assigned GCI Liberty Inc Class A an industry rank of 68 out of 255 based on the ratings given to related companies.

A number of equities research analysts recently commented on GLIBA shares. Zacks Investment Research raised shares of GCI Liberty Inc Class A from a “sell” rating to a “hold” rating in a report on Monday, July 30th. B. Riley lowered their price target on shares of GCI Liberty Inc Class A from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its holdings in GCI Liberty Inc Class A by 8.6% during the 2nd quarter. BlackRock Inc. now owns 4,571,731 shares of the company’s stock valued at $206,093,000 after acquiring an additional 363,390 shares during the period. Principal Financial Group Inc. bought a new stake in GCI Liberty Inc Class A during the 1st quarter valued at $168,177,000. Artisan Partners Limited Partnership raised its holdings in GCI Liberty Inc Class A by 88.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,879,137 shares of the company’s stock valued at $129,791,000 after acquiring an additional 1,347,438 shares during the period. Makaira Partners LLC raised its holdings in GCI Liberty Inc Class A by 21.5% during the 2nd quarter. Makaira Partners LLC now owns 2,330,043 shares of the company’s stock valued at $105,038,000 after acquiring an additional 411,961 shares during the period. Finally, FMR LLC raised its holdings in GCI Liberty Inc Class A by 75.2% during the 2nd quarter. FMR LLC now owns 2,241,836 shares of the company’s stock valued at $101,062,000 after acquiring an additional 962,193 shares during the period. 80.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:GLIBA traded up $0.64 during mid-day trading on Friday, reaching $47.14. The company had a trading volume of 410,027 shares, compared to its average volume of 467,487. The company has a quick ratio of 5.63, a current ratio of 5.63 and a debt-to-equity ratio of 0.64. GCI Liberty Inc Class A has a one year low of $41.33 and a one year high of $55.47.

GCI Liberty Inc Class A (NASDAQ:GLIBA) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.45. The company had revenue of $233.49 million for the quarter, compared to analysts’ expectations of $228.00 million. GCI Liberty Inc Class A had a negative net margin of 81.45% and a negative return on equity of 25.80%. As a group, equities research analysts anticipate that GCI Liberty Inc Class A will post -1.58 earnings per share for the current year.

About GCI Liberty Inc Class A

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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