GCI Liberty (NASDAQ:GLIBA) Receives New Coverage from Analysts at Benchmark

Benchmark initiated coverage on shares of GCI Liberty (NASDAQ:GLIBA) in a report released on Thursday morning, Briefing.com Automated Import reports. The firm issued a buy rating and a $70.00 target price on the stock.

A number of other equities analysts also recently issued reports on the stock. B. Riley reiterated a buy rating and set a $72.00 price objective (up from $69.00) on shares of GCI Liberty in a research note on Friday, May 10th. Zacks Investment Research cut shares of GCI Liberty from a buy rating to a hold rating in a research report on Thursday, July 11th. Finally, Pivotal Research reissued a buy rating and set a $69.00 target price (up previously from $65.00) on shares of GCI Liberty in a research report on Friday, May 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $67.50.

NASDAQ GLIBA opened at $59.15 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.57 and a current ratio of 0.59. The firm’s 50 day moving average price is $61.52 and its 200-day moving average price is $58.27. GCI Liberty has a 52-week low of $38.72 and a 52-week high of $64.85. The company has a market cap of $6.19 billion, a PE ratio of -37.44 and a beta of 1.42.

Large investors have recently bought and sold shares of the stock. Icon Wealth Partners LLC purchased a new position in shares of GCI Liberty in the first quarter worth $32,000. Quadrant Capital Group LLC raised its holdings in shares of GCI Liberty by 1,575.9% in the first quarter. Quadrant Capital Group LLC now owns 972 shares of the company’s stock worth $51,000 after buying an additional 914 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of GCI Liberty by 27.9% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,060 shares of the company’s stock worth $65,000 after buying an additional 231 shares during the last quarter. Financial Gravity Wealth Inc. raised its holdings in shares of GCI Liberty by 308.8% in the second quarter. Financial Gravity Wealth Inc. now owns 1,574 shares of the company’s stock worth $97,000 after buying an additional 1,189 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of GCI Liberty in the second quarter worth $213,000. 88.08% of the stock is owned by institutional investors.

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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Analyst Recommendations for GCI Liberty (NASDAQ:GLIBA)

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