Liberty Broadband Corp Series A (LBRDA) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Liberty Broadband Corp Series A (NASDAQ:LBRDA) from a sell rating to a hold rating in a report published on Tuesday.

A number of other brokerages have also issued reports on LBRDA. Macquarie raised their target price on shares of Liberty Broadband Corp Series A from $84.00 to $91.00 and gave the stock an outperform rating in a research report on Wednesday, August 22nd. BidaskClub upgraded shares of Liberty Broadband Corp Series A from a hold rating to a buy rating in a research report on Wednesday, June 27th. Deutsche Bank lowered their target price on shares of Liberty Broadband Corp Series A from $107.00 to $101.00 and set a buy rating on the stock in a research report on Tuesday, August 14th. Finally, Zacks Investment Research upgraded shares of Liberty Broadband Corp Series A from a strong sell rating to a hold rating in a research report on Tuesday, July 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $105.60.

Shares of Liberty Broadband Corp Series A stock opened at $83.37 on Tuesday. The company has a market capitalization of $14.99 billion, a price-to-earnings ratio of 7.53 and a beta of 1.38. Liberty Broadband Corp Series A has a 52 week low of $67.75 and a 52 week high of $98.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 8.49 and a current ratio of 8.49.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The company had revenue of $3.37 million during the quarter. Liberty Broadband Corp Series A had a net margin of 9,285.42% and a return on equity of 20.47%. Analysts anticipate that Liberty Broadband Corp Series A will post 0.49 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in shares of Liberty Broadband Corp Series A during the second quarter worth $108,000. SG Americas Securities LLC lifted its holdings in shares of Liberty Broadband Corp Series A by 48.5% during the second quarter. SG Americas Securities LLC now owns 2,041 shares of the company’s stock worth $154,000 after purchasing an additional 667 shares during the period. MAI Capital Management acquired a new stake in shares of Liberty Broadband Corp Series A during the third quarter worth $208,000. State of Alaska Department of Revenue lifted its holdings in shares of Liberty Broadband Corp Series A by 40.0% during the second quarter. State of Alaska Department of Revenue now owns 2,802 shares of the company’s stock worth $211,000 after purchasing an additional 800 shares during the period. Finally, We Are One Seven LLC acquired a new stake in shares of Liberty Broadband Corp Series A during the third quarter worth $242,000. Institutional investors and hedge funds own 12.20% 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 commercial customers in the United States. It 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 understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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