Liberty Broadband Corp Series A (NASDAQ:LBRDA) Given Average Recommendation of “Buy” by Brokerages

Liberty Broadband Corp Series A (NASDAQ:LBRDA) has earned a consensus rating of “Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $108.50.

A number of research analysts have recently issued reports on the company. ValuEngine raised VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. TheStreet raised White Mountains Insurance Group from a “c” rating to a “b” rating in a research note on Monday, May 13th. Macquarie raised Prosiebensat 1 Media from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 9th. BidaskClub cut Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Investment Research raised Investar from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, June 4th.

Shares of LBRDA stock traded up $0.44 on Monday, reaching $107.03. The company’s stock had a trading volume of 169,940 shares, compared to its average volume of 99,754. The company has a debt-to-equity ratio of 0.05, a current ratio of 12.76 and a quick ratio of 12.76. Liberty Broadband Corp Series A has a 12-month low of $68.76 and a 12-month high of $107.39. The firm has a market cap of $19.34 billion, a P/E ratio of 281.66 and a beta of 1.30. The company has a 50 day simple moving average of $101.56.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.08) earnings per share for the quarter. Liberty Broadband Corp Series A had a net margin of 507.95% and a return on equity of 0.67%. The firm had revenue of $3.46 million for the quarter. On average, analysts predict that Liberty Broadband Corp Series A will post 0.85 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Liberty Broadband Corp Series A by 0.5% during the fourth quarter. BlackRock Inc. now owns 1,574,590 shares of the company’s stock worth $113,070,000 after purchasing an additional 8,408 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Liberty Broadband Corp Series A by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 78,708 shares of the company’s stock worth $5,651,000 after purchasing an additional 1,712 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Liberty Broadband Corp Series A by 148.0% during the fourth quarter. Citigroup Inc. now owns 7,384 shares of the company’s stock worth $530,000 after purchasing an additional 4,406 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Liberty Broadband Corp Series A by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 193,936 shares of the company’s stock worth $13,927,000 after purchasing an additional 4,598 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Liberty Broadband Corp Series A by 38.4% during the fourth quarter. Stifel Financial Corp now owns 8,875 shares of the company’s stock worth $558,000 after purchasing an additional 2,462 shares during the last quarter. Hedge funds and other institutional investors own 11.97% of the company’s stock.

About Liberty Broadband Corp Series A

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.

Featured Article: Conference Calls and Individual Investors

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