Analysts Expect Liberty Broadband Corp Series C (LBRDK) to Announce $0.50 Earnings Per Share

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

Brokerages have set a 1-year consensus price target of $115.00 for the company and are expecting that the company will post $0.50 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Liberty Broadband Corp Series C an industry rank of 181 out of 256 based on the ratings given to its competitors.

LBRDK has been the topic of several research analyst reports. Zacks Investment Research upgraded Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Saturday, May 4th. TD Securities boosted their target price on shares of Liberty Broadband Corp Series C from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, March 1st. TheStreet raised shares of Liberty Broadband Corp Series C from a “c+” rating to a “b-” rating in a report on Thursday, January 31st. Finally, ValuEngine raised shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating in a report on Thursday, May 9th.

Liberty Broadband Corp Series C stock opened at $99.48 on Wednesday. Liberty Broadband Corp Series C has a 12 month low of $68.33 and a 12 month high of $101.84. The company has a current ratio of 12.76, a quick ratio of 12.76 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $18.01 billion, a P/E ratio of 261.79 and a beta of 1.41.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc raised its holdings in Liberty Broadband Corp Series C by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 9,972,642 shares of the company’s stock valued at $840,693,000 after acquiring an additional 175,570 shares during the period. BlackRock Inc. increased its holdings in shares of Liberty Broadband Corp Series C by 0.3% in the first quarter. BlackRock Inc. now owns 8,029,361 shares of the company’s stock worth $736,613,000 after purchasing an additional 23,159 shares during the period. Bank of America Corp DE increased its holdings in shares of Liberty Broadband Corp Series C by 93.9% in the fourth quarter. Bank of America Corp DE now owns 2,031,059 shares of the company’s stock worth $146,297,000 after purchasing an additional 983,542 shares during the period. Geode Capital Management LLC increased its holdings in shares of Liberty Broadband Corp Series C by 3.8% in the first quarter. Geode Capital Management LLC now owns 1,471,401 shares of the company’s stock worth $134,914,000 after purchasing an additional 53,580 shares during the period. Finally, Makaira Partners LLC increased its holdings in shares of Liberty Broadband Corp Series C by 111.4% in the fourth quarter. Makaira Partners LLC now owns 1,276,901 shares of the company’s stock worth $91,975,000 after purchasing an additional 672,931 shares during the period. 56.56% of the stock is currently owned by institutional investors and hedge funds.

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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