Liberty Broadband Co. (NASDAQ:LBRDK) Receives Consensus Rating of “Hold” from Analysts


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Shares of Liberty Broadband Co. (NASDAQ:LBRDK) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $174.50.

LBRDK has been the topic of several recent research reports. Zacks Investment Research cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Thursday, February 18th. TD Securities increased their target price on shares of Liberty Broadband from $165.00 to $180.00 and gave the stock a “hold” rating in a report on Monday, November 9th. Finally, Morgan Stanley increased their target price on shares of Liberty Broadband from $174.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 16th.

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Liberty Broadband by 242.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,393,033 shares of the company’s stock valued at $1,170,835,000 after purchasing an additional 5,236,124 shares in the last quarter. Alps Advisors Inc. increased its holdings in shares of Liberty Broadband by 11,704.2% during the 3rd quarter. Alps Advisors Inc. now owns 4,822,000 shares of the company’s stock valued at $2,745,000 after purchasing an additional 4,781,150 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Liberty Broadband by 71.8% during the 4th quarter. BlackRock Inc. now owns 11,070,510 shares of the company’s stock valued at $1,753,234,000 after purchasing an additional 4,627,000 shares in the last quarter. Principal Financial Group Inc. grew its stake in Liberty Broadband by 76.5% in the 4th quarter. Principal Financial Group Inc. now owns 4,835,273 shares of the company’s stock valued at $765,764,000 after acquiring an additional 2,095,780 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in Liberty Broadband by 142.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,074,326 shares of the company’s stock valued at $296,357,000 after acquiring an additional 1,219,321 shares during the period. 56.02% of the stock is owned by hedge funds and other institutional investors.

NASDAQ LBRDK opened at $147.11 on Thursday. The company has a current ratio of 24.63, a quick ratio of 24.63 and a debt-to-equity ratio of 0.13. Liberty Broadband has a 12 month low of $86.20 and a 12 month high of $165.23. The company’s 50-day moving average price is $150.70 and its 200-day moving average price is $148.74. The stock has a market cap of $26.26 billion, a PE ratio of 119.60 and a beta of 1.04.

About Liberty Broadband

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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