GCI Liberty (NASDAQ:GLIBA) Research Coverage Started at Evercore ISI

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Evercore ISI began coverage on shares of GCI Liberty (NASDAQ:GLIBA) in a research note released on Thursday morning, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $70.00 target price on the stock.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded GCI Liberty from a buy rating to a hold rating in a report on Thursday, July 11th. B. Riley reiterated a buy rating and issued a $72.00 price objective (up previously from $69.00) on shares of GCI Liberty in a report on Friday, May 10th. Pivotal Research reiterated a buy rating and issued a $69.00 price objective (up previously from $65.00) on shares of GCI Liberty in a report on Friday, May 10th. Finally, Benchmark started coverage on GCI Liberty in a report on Thursday. They issued a buy rating and a $70.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $67.50.

Shares of GLIBA stock opened at $59.15 on Thursday. The firm has a market cap of $6.19 billion, a P/E ratio of -37.44 and a beta of 1.42. The business has a 50-day moving average price of $61.52 and a two-hundred day moving average price of $58.27. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.40. GCI Liberty has a 12-month low of $38.72 and a 12-month high of $64.85.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its holdings in GCI Liberty by 9.4% during the 4th quarter. Legal & General Group Plc now owns 57,359 shares of the company’s stock valued at $2,360,000 after purchasing an additional 4,910 shares during the period. Geode Capital Management LLC increased its holdings in GCI Liberty by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 1,040,138 shares of the company’s stock valued at $42,812,000 after purchasing an additional 58,070 shares during the period. Deutsche Bank AG increased its holdings in GCI Liberty by 158.7% during the 4th quarter. Deutsche Bank AG now owns 16,365 shares of the company’s stock valued at $672,000 after purchasing an additional 10,038 shares during the period. Karpas Strategies LLC purchased a new position in GCI Liberty during the 1st quarter valued at about $241,000. Finally, Strs Ohio purchased a new position in GCI Liberty during the 1st quarter valued at about $420,000. Hedge funds and other institutional investors own 88.08% of the company’s stock.

About GCI Liberty

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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