Liberty Broadband Corp Series C (NASDAQ:LBRDK) PT Raised to $117.00

Liberty Broadband Corp Series C (NASDAQ:LBRDK) had its target price lifted by Morgan Stanley from $110.00 to $117.00 in a research note released on Wednesday morning, BenzingaRatingsTable reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also recently issued reports on LBRDK. ValuEngine upgraded VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research note on Thursday, May 9th. TheStreet upgraded White Mountains Insurance Group from a c rating to a b rating in a research note on Monday, May 13th. Zacks Investment Research cut HEXO from a hold rating to a sell rating in a research note on Wednesday, May 15th. Finally, BidaskClub cut Amyris from a hold rating to a sell rating in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently 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 Wednesday. Liberty Broadband Corp Series C has a 12 month low of $68.47 and a 12 month high of $108.79. The company has a 50 day moving average price of $103.58. The company has a quick ratio of 12.76, a current ratio of 12.76 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $19.18 billion, a P/E ratio of 271.05 and a beta of 1.29.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pecaut & CO. acquired a new stake in Liberty Broadband Corp Series C in the first quarter valued at $105,000. Advisory Alpha LLC acquired a new stake in Liberty Broadband Corp Series C during the 1st quarter worth about $26,000. Macquarie Group Ltd. grew its holdings in Liberty Broadband Corp Series C by 66.7% during the 4th quarter. Macquarie Group Ltd. now owns 500 shares of the company’s stock worth $36,000 after acquiring an additional 200 shares during the period. Icon Wealth Partners LLC acquired a new stake in Liberty Broadband Corp Series C during the 1st quarter worth about $58,000. Finally, Princeton Global Asset Management LLC acquired a new stake in Liberty Broadband Corp Series C during the 4th quarter worth about $70,000. Institutional investors and hedge funds own 55.08% of the company’s stock.

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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