GCI Liberty Inc (NASDAQ:GLIBA) Given $66.67 Consensus Target Price by Analysts

GCI Liberty Inc (NASDAQ:GLIBA) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. GCI Liberty’s rating score has declined by 19.8% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 12-month consensus price objective of $66.67 for the company and are predicting that the company will post ($0.26) EPS for the current quarter, according to Zacks. Zacks has also assigned GCI Liberty an industry rank of 107 out of 256 based on the ratings given to its competitors.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of GCI Liberty from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Monday, June 3rd. B. Riley reissued a “buy” rating and issued a $72.00 price target (up previously from $69.00) on shares of GCI Liberty in a research report on Friday, May 10th. Pivotal Research reissued a “buy” rating and issued a $69.00 price target (up previously from $65.00) on shares of GCI Liberty in a research report on Friday, May 10th. Finally, Citigroup lifted their price target on shares of GCI Liberty from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, March 29th.

In other GCI Liberty news, Director Ronald A. Duncan sold 50,500 shares of GCI Liberty stock in a transaction on Friday, May 17th. The shares were sold at an average price of $60.80, for a total transaction of $3,070,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.78% of the stock is owned by insiders.

Several large investors have recently modified their holdings of GLIBA. Norges Bank acquired a new stake in shares of GCI Liberty in the 4th quarter valued at $67,375,000. Jackson Square Partners LLC boosted its stake in shares of GCI Liberty by 107.7% in the 1st quarter. Jackson Square Partners LLC now owns 2,352,088 shares of the company’s stock valued at $130,799,000 after purchasing an additional 1,219,442 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of GCI Liberty in the 1st quarter valued at $50,416,000. Hudson Bay Capital Management LP acquired a new stake in shares of GCI Liberty in the 4th quarter valued at $20,345,000. Finally, Manor Road Capital Partners LLC boosted its stake in shares of GCI Liberty by 45.5% in the 4th quarter. Manor Road Capital Partners LLC now owns 800,000 shares of the company’s stock valued at $32,928,000 after purchasing an additional 250,000 shares in the last quarter. Institutional investors own 87.59% of the company’s stock.

Shares of GLIBA stock traded up $0.56 during trading on Wednesday, hitting $63.27. 9,499 shares of the company were exchanged, compared to its average volume of 430,744. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of -39.99 and a beta of 1.43. The business’s 50-day moving average is $60.75. GCI Liberty has a twelve month low of $38.72 and a twelve month high of $63.45.

GCI Liberty (NASDAQ:GLIBA) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($1.12) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.83). The company had revenue of $217.74 million for the quarter, compared to analyst estimates of $220.00 million. GCI Liberty had a negative return on equity of 3.67% and a negative net margin of 2.69%. On average, equities analysts predict that GCI Liberty will post 5.73 earnings per share for the current year.

GCI Liberty Company Profile

GCI Liberty, Inc, together with its subsidiaries, provides various communication services in the United States. The company offers data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services.

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