TheStreet Upgrades Liberty Broadband (LBRDA) to B

Liberty Broadband (NASDAQ:LBRDA) was upgraded by analysts at TheStreet from a “c” rating to a “b” rating in a note issued to investors on Tuesday.

Other equities research analysts also recently issued reports about the stock. lifted their target price on shares of Liberty Broadband from $108.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Pivotal Research lifted their target price on shares of Liberty Broadband from $108.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Buckingham Research started coverage on shares of Liberty Broadband in a research report on Wednesday, December 13th. They set a “buy” rating and a $119.00 target price on the stock. BidaskClub upgraded shares of Liberty Broadband from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, ValuEngine downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $117.50.

Shares of Liberty Broadband (LBRDA) opened at $91.11 on Tuesday. The company has a current ratio of 7.97, a quick ratio of 7.97 and a debt-to-equity ratio of 0.05. Liberty Broadband has a 1 year low of $80.39 and a 1 year high of $104.35. The company has a market cap of $16,452.53, a P/E ratio of 911.19 and a beta of 1.38.

In other news, Director John E. Welsh III purchased 2,000 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were purchased at an average price of $85.50 per share, for a total transaction of $171,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.09% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of LBRDA. State of Alaska Department of Revenue bought a new stake in shares of Liberty Broadband in the 4th quarter valued at $124,000. Quantbot Technologies LP bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at $140,000. Glenmede Trust Co. NA increased its stake in shares of Liberty Broadband by 438.3% in the 4th quarter. Glenmede Trust Co. NA now owns 1,825 shares of the company’s stock valued at $154,000 after acquiring an additional 1,486 shares in the last quarter. Palladium Partners LLC bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at $202,000. Finally, Trexquant Investment LP bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at $208,000. Hedge funds and other institutional investors own 12.07% of the company’s stock.

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About Liberty Broadband

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

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