Zacks: Liberty Broadband Corp Series C (LBRDK) Given Consensus Rating of “Buy” by Brokerages

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Shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Analysts have set a 12 month consensus price target of $107.00 for the company, according to Zacks. Zacks has also assigned Liberty Broadband Corp Series C an industry rank of 197 out of 255 based on the ratings given to its competitors.

A number of research firms have recently issued reports on LBRDK. Zacks Investment Research upgraded shares of Liberty Broadband Corp Series C from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 20th. TD Securities lifted their price objective on shares of Liberty Broadband Corp Series C from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, TheStreet upgraded shares of Liberty Broadband Corp Series C from a “c+” rating to a “b-” rating in a research note on Thursday, January 31st.

Shares of NASDAQ LBRDK traded up $0.32 during mid-day trading on Friday, reaching $94.95. 302,499 shares of the company were exchanged, compared to its average volume of 579,447. The company has a debt-to-equity ratio of 0.05, a quick ratio of 10.33 and a current ratio of 10.33. The stock has a market cap of $17.16 billion, a PE ratio of 249.87 and a beta of 1.40. Liberty Broadband Corp Series C has a twelve month low of $68.33 and a twelve month high of $95.19.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last posted its earnings results on Friday, February 8th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.30). The company had revenue of $3.58 million for the quarter. Liberty Broadband Corp Series C had a return on equity of 0.66% and a net margin of 314.28%. As a group, analysts predict that Liberty Broadband Corp Series C will post 1.75 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Brown Advisory Inc. raised its position in shares of Liberty Broadband Corp Series C by 6.7% in the 4th quarter. Brown Advisory Inc. now owns 44,263 shares of the company’s stock valued at $3,187,000 after buying an additional 2,778 shares in the last quarter. Equitable Trust Co. raised its position in shares of Liberty Broadband Corp Series C by 2.0% in the 4th quarter. Equitable Trust Co. now owns 12,550 shares of the company’s stock valued at $904,000 after buying an additional 250 shares in the last quarter. Ironvine Capital Partners LLC raised its position in shares of Liberty Broadband Corp Series C by 5.8% in the 4th quarter. Ironvine Capital Partners LLC now owns 290,681 shares of the company’s stock valued at $22,019,000 after buying an additional 15,888 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Liberty Broadband Corp Series C by 9.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 36,201 shares of the company’s stock valued at $2,608,000 after buying an additional 3,242 shares in the last quarter. Finally, We Are One Seven LLC raised its position in shares of Liberty Broadband Corp Series C by 1.9% in the 4th quarter. We Are One Seven LLC now owns 11,350 shares of the company’s stock valued at $817,000 after buying an additional 215 shares in the last quarter. Institutional investors and hedge funds own 56.86% 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 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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