BidaskClub Upgrades Liberty Broadband Corp Series A (LBRDA) to Strong-Buy

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Liberty Broadband Corp Series A (NASDAQ:LBRDA) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

A number of other equities research analysts have also weighed in on LBRDA. Zacks Investment Research lowered shares of Liberty Broadband Corp Series A from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. TD Securities assumed coverage on shares of Liberty Broadband Corp Series A in a report on Wednesday, January 16th. They set a “buy” rating and a $105.00 price objective for the company. TheStreet lowered shares of Liberty Broadband Corp Series A from a “b” rating to a “c+” rating in a report on Monday, December 24th. Finally, Pivotal Research restated a “buy” rating and issued a $107.00 price target on shares of Liberty Broadband Corp Series A in a report on Tuesday, March 5th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $104.67.

Shares of LBRDA opened at $94.15 on Friday. Liberty Broadband Corp Series A has a 1-year low of $67.75 and a 1-year high of $94.52. The stock has a market cap of $16.96 billion, a P/E ratio of 247.76 and a beta of 1.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 10.33 and a quick ratio of 10.33.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last announced its quarterly earnings data on Friday, February 8th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.36). Liberty Broadband Corp Series A had a net margin of 314.31% and a return on equity of 0.66%. The company had revenue of $3.58 million for the quarter, compared to the consensus estimate of $3.43 million. Research analysts forecast that Liberty Broadband Corp Series A will post 1.35 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of LBRDA. Vanguard Group Inc. grew its position in shares of Liberty Broadband Corp Series A by 554.8% in the 3rd quarter. Vanguard Group Inc. now owns 11,664,519 shares of the company’s stock worth $983,369,000 after buying an additional 9,883,096 shares during the last quarter. Norges Bank purchased a new position in shares of Liberty Broadband Corp Series A in the 4th quarter worth approximately $47,436,000. FMR LLC grew its position in shares of Liberty Broadband Corp Series A by 74.6% in the 3rd quarter. FMR LLC now owns 1,076,939 shares of the company’s stock worth $90,818,000 after buying an additional 460,116 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Liberty Broadband Corp Series A in the 4th quarter worth approximately $11,127,000. Finally, Geode Capital Management LLC grew its position in shares of Liberty Broadband Corp Series A by 22.4% in the 4th quarter. Geode Capital Management LLC now owns 306,757 shares of the company’s stock worth $22,028,000 after buying an additional 56,177 shares during the last quarter. Institutional investors and hedge funds own 12.26% of the company’s stock.

Liberty Broadband Corp Series A Company Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company 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 understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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Analyst Recommendations for Liberty Broadband Corp Series A (NASDAQ:LBRDA)

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