Zacks: Liberty Broadband Corp Series C (LBRDK) Given Average Rating of “Buy” by Analysts

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Shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Liberty Broadband Corp Series C’s rating score has improved by 33.3% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 12-month consensus price target of $104.50 for the company and are forecasting that the company will post $0.38 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Liberty Broadband Corp Series C an industry rank of 59 out of 255 based on the ratings given to its competitors.

A number of research firms have weighed in on LBRDK. TheStreet raised Liberty Broadband Corp Series C from a “c+” rating to a “b-” rating in a research report on Thursday, January 31st. Zacks Investment Research cut Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th.

Liberty Broadband Corp Series C stock opened at $86.89 on Thursday. Liberty Broadband Corp Series C has a twelve month low of $68.33 and a twelve month high of $94.99. The company has a debt-to-equity ratio of 0.05, a current ratio of 9.56 and a quick ratio of 9.56.

A number of institutional investors have recently bought and sold shares of LBRDK. RMB Capital Management LLC purchased a new position in shares of Liberty Broadband Corp Series C during the 4th quarter worth approximately $230,000. Geode Capital Management LLC raised its stake in shares of Liberty Broadband Corp Series C by 9.5% during the 4th quarter. Geode Capital Management LLC now owns 1,417,821 shares of the company’s stock worth $102,072,000 after buying an additional 123,037 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Liberty Broadband Corp Series C by 6.7% during the 4th quarter. Brown Advisory Inc. now owns 44,263 shares of the company’s stock worth $3,187,000 after buying an additional 2,778 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Liberty Broadband Corp Series C by 4.2% during the 4th quarter. Stifel Financial Corp now owns 36,277 shares of the company’s stock worth $2,544,000 after buying an additional 1,467 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Liberty Broadband Corp Series C by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 852,176 shares of the company’s stock worth $61,384,000 after buying an additional 53,173 shares in the last quarter. 57.45% of the stock is owned by institutional investors.

Liberty Broadband Corp Series C 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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