Brokerages Set Liberty Broadband Corp Series A (LBRDA) Price Target at $105.60

Liberty Broadband Corp Series A (NASDAQ:LBRDA) has received a consensus recommendation of “Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $105.60.

Several equities research analysts have recently weighed in on LBRDA shares. Zacks Investment Research raised Liberty Broadband Corp Series A from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 31st. BidaskClub raised Liberty Broadband Corp Series A from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. Deutsche Bank reduced their price objective on Liberty Broadband Corp Series A from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Tuesday, August 14th. Finally, Macquarie increased their price objective on Liberty Broadband Corp Series A from $84.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd.

Shares of LBRDA traded up $1.53 during mid-day trading on Friday, hitting $79.81. The company’s stock had a trading volume of 249,056 shares, compared to its average volume of 180,495. Liberty Broadband Corp Series A has a one year low of $67.75 and a one year high of $98.53. The company has a current ratio of 8.49, a quick ratio of 8.49 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $15.29 billion, a price-to-earnings ratio of 7.19 and a beta of 1.38.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.08). Liberty Broadband Corp Series A had a net margin of 9,285.42% and a return on equity of 20.47%. The business had revenue of $3.37 million during the quarter. Equities analysts predict that Liberty Broadband Corp Series A will post 0.49 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in Liberty Broadband Corp Series A by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 192,177 shares of the company’s stock worth $14,537,000 after purchasing an additional 654 shares during the period. SG Americas Securities LLC lifted its position in Liberty Broadband Corp Series A by 48.5% in the second quarter. SG Americas Securities LLC now owns 2,041 shares of the company’s stock worth $154,000 after purchasing an additional 667 shares during the period. State of Alaska Department of Revenue lifted its position in Liberty Broadband Corp Series A by 40.0% in the second quarter. State of Alaska Department of Revenue now owns 2,802 shares of the company’s stock worth $211,000 after purchasing an additional 800 shares during the period. Private Capital Advisors Inc. lifted its position in Liberty Broadband Corp Series A by 15.3% in the third quarter. Private Capital Advisors Inc. now owns 6,708 shares of the company’s stock worth $632,000 after purchasing an additional 889 shares during the period. Finally, Guggenheim Capital LLC lifted its position in Liberty Broadband Corp Series A by 5.6% in the first quarter. Guggenheim Capital LLC now owns 21,071 shares of the company’s stock worth $1,787,000 after purchasing an additional 1,108 shares during the period. 12.39% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Corp Series A Company Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It 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 understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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