GCI Liberty (NASDAQ:GLIBA) Price Target Raised to $59.00

GCI Liberty (NASDAQ:GLIBA) had its target price lifted by Citigroup from $55.00 to $59.00 in a research report issued to clients and investors on Friday, March 29th, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the stock. Citigroup‘s target price points to a potential upside of 0.80% from the stock’s previous close.

GLIBA has been the subject of several other research reports. B. Riley restated a “buy” rating and set a $69.00 price target (up previously from $66.00) on shares of GCI Liberty in a research report on Monday, March 4th. Zacks Investment Research upgraded shares of GCI Liberty from a “hold” rating to a “strong-buy” rating and set a $61.00 price target for the company in a research report on Monday, February 4th. Finally, Pivotal Research reiterated a “buy” rating and issued a $65.00 target price on shares of GCI Liberty in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $65.80.

GLIBA stock traded up $0.03 during trading on Friday, hitting $58.53. 166,503 shares of the company’s stock traded hands, compared to its average volume of 302,384. The firm has a market cap of $6.18 billion and a price-to-earnings ratio of -37.04. 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 has a 52 week low of $38.72 and a 52 week high of $58.79.

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in GCI Liberty by 442.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,075 shares of the company’s stock valued at $1,024,000 after acquiring an additional 16,371 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in GCI Liberty by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 549,167 shares of the company’s stock valued at $28,007,000 after buying an additional 8,078 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in GCI Liberty by 36.0% during the third quarter. PNC Financial Services Group Inc. now owns 60,872 shares of the company’s stock valued at $3,104,000 after buying an additional 16,122 shares in the last quarter. FMR LLC lifted its stake in GCI Liberty by 41.2% during the third quarter. FMR LLC now owns 3,166,408 shares of the company’s stock valued at $161,487,000 after buying an additional 924,572 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in GCI Liberty during the third quarter valued at about $288,000. Hedge funds and other institutional investors own 88.48% of the company’s stock.

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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