Liberty Broadband Corp Series C (NASDAQ:LBRDK) Price Target Raised to $170.00

Liberty Broadband Corp Series C (NASDAQ:LBRDK) had its price target increased by Morgan Stanley from $157.00 to $170.00 in a research report report published on Monday, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research analysts have also weighed in on LBRDK. TD Securities increased their target price on shares of Liberty Broadband Corp Series C from $145.00 to $155.00 and gave the stock a buy rating in a research note on Monday, May 4th. Zacks Investment Research lowered shares of Liberty Broadband Corp Series C from a hold rating to a sell rating in a research note on Thursday, April 16th. Citigroup raised their price objective on shares of Liberty Broadband Corp Series C from $118.00 to $149.00 and gave the company a buy rating in a research note on Tuesday, April 21st. Pivotal Research reissued a buy rating and issued a $187.00 price objective on shares of Liberty Broadband Corp Series C in a research note on Monday, May 11th. Finally, TheStreet lowered shares of Liberty Broadband Corp Series C from a b- rating to a c+ rating in a research note on Thursday, June 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $160.60.

Shares of LBRDK stock opened at $129.79 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59. The firm has a market cap of $23.61 billion, a PE ratio of 190.87 and a beta of 1.06. The company has a 50-day moving average of $129.58 and a two-hundred day moving average of $125.25. Liberty Broadband Corp Series C has a 1-year low of $86.20 and a 1-year high of $140.00.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last announced its earnings results on Friday, May 1st. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.25). The company had revenue of $4.10 million for the quarter. Liberty Broadband Corp Series C had a return on equity of 1.16% and a net margin of 797.65%. Sell-side analysts anticipate that Liberty Broadband Corp Series C will post 2.41 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of LBRDK. FMR LLC raised its holdings in Liberty Broadband Corp Series C by 5.5% during the first quarter. FMR LLC now owns 5,238 shares of the company’s stock worth $481,000 after purchasing an additional 274 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Liberty Broadband Corp Series C by 2.6% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 44,486 shares of the company’s stock worth $4,081,000 after acquiring an additional 1,123 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Liberty Broadband Corp Series C during the fourth quarter worth $621,000. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Liberty Broadband Corp Series C during the fourth quarter worth $75,000. Finally, Advisor Group Inc. raised its position in shares of Liberty Broadband Corp Series C by 49.1% during the fourth quarter. Advisor Group Inc. now owns 2,082 shares of the company’s stock worth $261,000 after acquiring an additional 686 shares during the last quarter. 54.34% of the stock is currently owned by hedge funds and other institutional investors.

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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