Zacks: GCI Liberty Inc Class A (GLIBA) Given $65.00 Consensus Price Target by Brokerages

GCI Liberty Inc Class A (NASDAQ:GLIBA) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus target price of $65.00 for the company and are forecasting that the company will post ($0.11) earnings per share for the current quarter, according to Zacks. Zacks has also given GCI Liberty Inc Class A an industry rank of 56 out of 255 based on the ratings given to its competitors.

A number of brokerages have weighed in on GLIBA. Zacks Investment Research raised shares of GCI Liberty Inc Class A from a “sell” rating to a “hold” rating in a report on Friday, July 6th. B. Riley cut their price target on shares of GCI Liberty Inc Class A from $70.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, August 2nd.



Several institutional investors and hedge funds have recently modified their holdings of the company. Howland Capital Management LLC acquired a new position in GCI Liberty Inc Class A in the third quarter worth approximately $204,000. Karpas Strategies LLC acquired a new position in GCI Liberty Inc Class A in the third quarter worth approximately $221,000. Aperio Group LLC increased its holdings in GCI Liberty Inc Class A by 18.3% in the third quarter. Aperio Group LLC now owns 31,630 shares of the company’s stock worth $1,613,000 after buying an additional 4,892 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in GCI Liberty Inc Class A by 77.3% in the third quarter. Nisa Investment Advisors LLC now owns 4,069 shares of the company’s stock worth $208,000 after buying an additional 1,774 shares during the last quarter. Finally, Raymond James Trust N.A. increased its holdings in GCI Liberty Inc Class A by 34.5% in the third quarter. Raymond James Trust N.A. now owns 9,775 shares of the company’s stock worth $499,000 after buying an additional 2,506 shares during the last quarter. Institutional investors own 80.89% of the company’s stock.

Shares of GCI Liberty Inc Class A stock traded down $1.58 during trading on Friday, hitting $44.67. 35,115 shares of the stock were exchanged, compared to its average volume of 470,379. GCI Liberty Inc Class A has a 12 month low of $41.33 and a 12 month high of $55.47. The company has a debt-to-equity ratio of 0.64, a quick ratio of 5.63 and a current ratio of 5.63.

GCI Liberty Inc Class A (NASDAQ:GLIBA) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.45. The business had revenue of $233.49 million during the quarter, compared to the consensus estimate of $228.00 million. GCI Liberty Inc Class A had a negative net margin of 81.45% and a negative return on equity of 25.80%. On average, research analysts predict that GCI Liberty Inc Class A will post -1.58 earnings per share for the current fiscal year.

About GCI Liberty Inc Class A

GCI Liberty, Inc 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 provides cable services; and online invitation and social event planning services, as well as engages in the online lending and real estate business.

See Also: Diversification in Investing

Get a free copy of the Zacks research report on GCI Liberty Inc Class A (GLIBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for GCI Liberty Inc Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCI Liberty Inc Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply