Liberty Broadband Corp Series C (NASDAQ:LBRDK) Stock Rating Lowered by Zacks Investment Research

Liberty Broadband Corp Series C (NASDAQ:LBRDK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Zacks.com reports.

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. “

LBRDK has been the topic of several other reports. Morgan Stanley lifted their price target on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the stock an “equal weight” rating in a research note on Wednesday, July 17th. TD Securities cut their price target on shares of Kinder Morgan Canada from C$14.50 to C$12.50 and set a “hold” rating on the stock in a research note on Thursday. BidaskClub lowered shares of Amyris from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th. ValuEngine upgraded shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, TheStreet upgraded shares of White Mountains Insurance Group from a “c” rating to a “b” rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $117.33.

Liberty Broadband Corp Series C stock opened at $105.71 on Friday. The firm has a market cap of $19.18 billion, a price-to-earnings ratio of 278.18 and a beta of 1.29. Liberty Broadband Corp Series C has a 52-week low of $68.47 and a 52-week high of $108.79. The company has a debt-to-equity ratio of 0.05, a quick ratio of 12.76 and a current ratio of 12.76. The business’s 50 day simple moving average is $103.58.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last released its earnings results on Thursday, May 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.40). The business had revenue of $3.46 million for the quarter. Liberty Broadband Corp Series C had a return on equity of 0.67% and a net margin of 507.95%. Analysts predict that Liberty Broadband Corp Series C will post 1.47 EPS for the current year.

Several large investors have recently modified their holdings of the company. Norman Fields Gottscho Capital Management LLC lifted its stake in shares of Liberty Broadband Corp Series C by 1.3% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 9,995 shares of the company’s stock valued at $1,042,000 after purchasing an additional 130 shares during the period. Pecaut & CO. acquired a new stake in shares of Liberty Broadband Corp Series C in the first quarter valued at about $105,000. LPL Financial LLC lifted its stake in shares of Liberty Broadband Corp Series C by 3.8% in the fourth quarter. LPL Financial LLC now owns 4,172 shares of the company’s stock valued at $301,000 after purchasing an additional 151 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Liberty Broadband Corp Series C by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 11,229 shares of the company’s stock valued at $1,030,000 after purchasing an additional 174 shares during the period. Finally, Raymond James Trust N.A. lifted its stake in shares of Liberty Broadband Corp Series C by 7.9% in the second quarter. Raymond James Trust N.A. now owns 2,583 shares of the company’s stock valued at $269,000 after purchasing an additional 189 shares during the period. 55.08% of the stock is currently owned by institutional investors and hedge funds.

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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