Liberty Broadband Corp Series C (LBRDK) Upgraded to “Buy” at Zacks Investment Research

Liberty Broadband Corp Series C (NASDAQ:LBRDK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm currently has a $91.00 price objective on the stock. Zacks Investment Research‘s price target points to a potential upside of 9.73% from the stock’s previous close.

According to Zacks, “Liberty Broadband Corporation, through its subsidiaries, engages in providing digital cable services to residential and commercial customers; and entertainment, information, and communications solutions. It also provides wireless location positioning and related services. Liberty Broadband Corporation is based in Englewood, Colorado. “

Separately, ValuEngine raised shares of Liberty Broadband Corp Series C from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th.



LBRDK stock opened at $82.93 on Thursday. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of 777.70 and a beta of 1.37. 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 C has a 12-month low of $68.33 and a 12-month high of $99.68.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last announced its earnings results on Thursday, August 2nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.24). The company had revenue of $3.37 million for the quarter. Liberty Broadband Corp Series C had a net margin of 9,284.89% and a return on equity of 20.47%. As a group, equities analysts predict that Liberty Broadband Corp Series C will post 0.9 EPS for the current year.

A number of large investors have recently bought and sold shares of LBRDK. Janus Henderson Group PLC lifted its stake in shares of Liberty Broadband Corp Series C by 2,504.3% in the second quarter. Janus Henderson Group PLC now owns 1,702,477 shares of the company’s stock worth $128,912,000 after buying an additional 1,637,104 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Liberty Broadband Corp Series C in the second quarter worth approximately $3,598,000. PointState Capital LP bought a new position in shares of Liberty Broadband Corp Series C in the second quarter worth approximately $1,136,000. Bislett Management LLC lifted its stake in shares of Liberty Broadband Corp Series C by 90.1% in the second quarter. Bislett Management LLC now owns 39,320 shares of the company’s stock worth $2,977,000 after buying an additional 18,640 shares in the last quarter. Finally, United Services Automobile Association lifted its stake in shares of Liberty Broadband Corp Series C by 21.2% in the second quarter. United Services Automobile Association now owns 29,006 shares of the company’s stock worth $2,196,000 after buying an additional 5,076 shares in the last quarter. 57.22% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Broadband Corp Series C

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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