Shares of GCI Liberty Inc (NASDAQ:GLIBA) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price objective of $60.50 for the company and are anticipating that the company will post ($0.23) EPS for the current quarter, according to Zacks. Zacks has also given GCI Liberty an industry rank of 58 out of 256 based on the ratings given to its competitors.
Several brokerages have recently weighed in on GLIBA. B. Riley reiterated a “buy” rating on shares of GCI Liberty in a research report on Tuesday, December 4th. Zacks Investment Research upgraded GCI Liberty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th.
Several large investors have recently added to or reduced their stakes in GLIBA. FMR LLC lifted its stake in GCI Liberty by 75.2% in the second quarter. FMR LLC now owns 2,241,836 shares of the company’s stock worth $101,062,000 after acquiring an additional 962,193 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in GCI Liberty by 29,448.6% in the third quarter. Thompson Siegel & Walmsley LLC now owns 892,367 shares of the company’s stock worth $45,511,000 after acquiring an additional 889,347 shares during the period. BlackRock Inc. lifted its stake in GCI Liberty by 8.6% in the second quarter. BlackRock Inc. now owns 4,571,731 shares of the company’s stock worth $206,093,000 after acquiring an additional 363,390 shares during the period. Makaira Partners LLC lifted its stake in GCI Liberty by 14.6% in the third quarter. Makaira Partners LLC now owns 2,669,682 shares of the company’s stock worth $136,154,000 after acquiring an additional 339,639 shares during the period. Finally, Vanguard Group Inc lifted its stake in GCI Liberty by 2.3% in the third quarter. Vanguard Group Inc now owns 8,405,933 shares of the company’s stock worth $428,703,000 after acquiring an additional 190,577 shares during the period. 83.62% of the stock is owned by hedge funds and other institutional investors.
GLIBA opened at $43.64 on Friday. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.62. GCI Liberty has a 1 year low of $38.72 and a 1 year high of $55.47.
GCI Liberty (NASDAQ:GLIBA) last issued its quarterly earnings results on Thursday, November 8th. The company reported ($0.73) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.62). GCI Liberty had a negative return on equity of 26.66% and a negative net margin of 67.49%. The company had revenue of $210.15 million during the quarter, compared to analysts’ expectations of $234.00 million. Research analysts forecast that GCI Liberty will post -2.17 earnings per share for the current fiscal year.
About GCI Liberty
GCI Liberty, Inc 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 provides cable services; and online invitation and social event planning services, as well as engages in the online lending and real estate business.
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