TD Securities lowered shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) from a buy rating to a hold rating in a report issued on Thursday morning, BayStreet.CA reports. The brokerage currently has $125.00 price target on the stock, up from their previous price target of $120.00.
LBRDK has been the subject of several other research reports. ValuEngine raised shares of VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research report on Thursday, May 9th. Zacks Investment Research lowered shares of HEXO from a hold rating to a sell rating in a research report on Wednesday, May 15th. TheStreet raised shares of White Mountains Insurance Group from a c rating to a b rating in a research report on Monday, May 13th. BidaskClub lowered shares of Amyris from a hold rating to a sell rating in a research report on Thursday, June 27th. Finally, Morgan Stanley upped their price target on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the stock an equal weight rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $117.33.
Shares of NASDAQ LBRDK opened at $105.71 on Thursday. Liberty Broadband Corp Series C has a 12-month low of $68.47 and a 12-month high of $108.79. The stock has a market capitalization of $19.18 billion, a P/E ratio of 278.18 and a beta of 1.29. The company has a quick ratio of 12.76, a current ratio of 12.76 and a debt-to-equity ratio of 0.05. The firm has a 50-day simple moving average of $103.58.
Several institutional investors have recently added to or reduced their stakes in the company. Pecaut & CO. bought a new position in Liberty Broadband Corp Series C during the 1st quarter valued at $105,000. Advisory Alpha LLC bought a new position in Liberty Broadband Corp Series C during the 1st quarter valued at $26,000. Macquarie Group Ltd. boosted its stake in Liberty Broadband Corp Series C by 66.7% during the 4th quarter. Macquarie Group Ltd. now owns 500 shares of the company’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. Icon Wealth Partners LLC bought a new position in Liberty Broadband Corp Series C during the 1st quarter valued at $58,000. Finally, Princeton Global Asset Management LLC bought a new position in Liberty Broadband Corp Series C during the 4th quarter valued at $70,000. 55.06% 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 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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