Deutsche Bank Cuts Liberty Broadband Corp Series A (NASDAQ:LBRDA) Price Target to $117.00

Liberty Broadband Corp Series A (NASDAQ:LBRDA) had its target price cut by Deutsche Bank from $118.00 to $117.00 in a research note issued to investors on Monday morning, BenzingaRatingsTable reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on LBRDA. Benchmark started coverage on shares of Liberty Broadband Corp Series A in a research note on Thursday, August 15th. They set a buy rating and a $122.00 target price for the company. TheStreet lowered shares of Liberty Broadband Corp Series A from a b- rating to a c rating in a research note on Monday, May 13th. BidaskClub lowered shares of Liberty Broadband Corp Series A from a strong-buy rating to a buy rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised shares of Liberty Broadband Corp Series A from a sell rating to a hold rating in a research note on Tuesday, June 4th. Finally, ValuEngine lowered shares of Liberty Broadband Corp Series A from a buy rating to a hold rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $109.33.

Shares of LBRDA opened at $99.94 on Monday. The firm has a market capitalization of $18.19 billion, a P/E ratio of 250.45 and a beta of 1.30. Liberty Broadband Corp Series A has a 12-month low of $68.76 and a 12-month high of $107.39. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average price of $101.55 and a 200-day moving average price of $96.90.

Several institutional investors and hedge funds have recently modified their holdings of LBRDA. Dimensional Fund Advisors LP grew its holdings in shares of Liberty Broadband Corp Series A by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 193,936 shares of the company’s stock valued at $13,927,000 after purchasing an additional 4,598 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Liberty Broadband Corp Series A by 22.4% during the 4th quarter. Geode Capital Management LLC now owns 306,757 shares of the company’s stock valued at $22,028,000 after purchasing an additional 56,177 shares during the last quarter. Strs Ohio grew its holdings in shares of Liberty Broadband Corp Series A by 6.2% during the 1st quarter. Strs Ohio now owns 4,963 shares of the company’s stock valued at $454,000 after purchasing an additional 289 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Liberty Broadband Corp Series A during the 1st quarter valued at $1,117,000. Finally, S&CO Inc. grew its holdings in shares of Liberty Broadband Corp Series A by 0.3% during the 1st quarter. S&CO Inc. now owns 90,898 shares of the company’s stock valued at $8,330,000 after purchasing an additional 277 shares during the last quarter. 13.03% 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 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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