GCI Liberty (GLIBA) Rating Reiterated by B. Riley

B. Riley reaffirmed their buy rating on shares of GCI Liberty (NASDAQ:GLIBA) in a research report report published on Friday morning, Briefing.com Automated Import reports. They currently have a $72.00 price target on the stock, up from their prior price target of $69.00.

Other equities analysts have also recently issued research reports about the company. Pivotal Research reiterated a buy rating and set a $69.00 price objective (up previously from $65.00) on shares of GCI Liberty in a report on Friday. Citigroup lifted their price objective on GCI Liberty from $55.00 to $59.00 and gave the company a neutral rating in a report on Friday, March 29th. Finally, Zacks Investment Research cut GCI Liberty from a buy rating to a hold rating in a report on Thursday, March 7th.

GCI Liberty stock opened at $57.68 on Friday. The stock has a market cap of $6.29 billion, a PE ratio of -36.51 and a beta of 1.73. GCI Liberty has a 1 year low of $38.72 and a 1 year high of $60.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.69.



GCI Liberty (NASDAQ:GLIBA) last posted its earnings results on Thursday, February 28th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.06. The company had revenue of $234.92 million during the quarter, compared to analyst estimates of $224.00 million. GCI Liberty had a negative return on equity of 3.71% and a negative net margin of 2.69%. Equities analysts forecast that GCI Liberty will post -0.76 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Icon Wealth Partners LLC bought a new stake in GCI Liberty in the 1st quarter valued at approximately $32,000. Princeton Global Asset Management LLC bought a new stake in GCI Liberty in the 4th quarter valued at approximately $25,000. Rockefeller Capital Management L.P. lifted its stake in GCI Liberty by 8,440.0% in the 1st quarter. Rockefeller Capital Management L.P. now owns 854 shares of the company’s stock valued at $48,000 after acquiring an additional 844 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in GCI Liberty by 1,575.9% in the 1st quarter. Quadrant Capital Group LLC now owns 972 shares of the company’s stock valued at $51,000 after acquiring an additional 914 shares in the last quarter. Finally, We Are One Seven LLC bought a new stake in GCI Liberty in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

About GCI Liberty

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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