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Liberty Broadband Corp. (NASDAQ:LBRDA) Receives Average Rating of “Buy” from Brokerages

Liberty Broadband Corp. (NASDAQ:LBRDA) Receives Average Rating Of “Buy” From BrokeragesShares of Liberty Broadband Corp. (NASDAQ:LBRDA) have been given a consensus rating of Buy by the six brokerages that are covering the company.

One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $72.80. In other news, Director John C. Malone sold 66,500 shares of the company s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $59.37, for a total value of $3,948,105.00. Following the completion of the transaction, the director now owns 4,175,054 shares in the company, valued at $247,872,955.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link1.

Liberty Broadband Corp. (NASDAQ:LBRDA) traded up 0.0626% on Monday, hitting $62.8493.

58,060 shares of the stock were exchanged. The stock s market capitalization is $6.50 billion. The company has a 50 day moving average of $60.35 and a 200 day moving average of $55.70. Liberty Broadband Corp. has a one year low of $42.03 and a one year high of $63.60. LBRDA has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Liberty Broadband Corp.

from a hold rating to a buy rating and set a $69.00 price objective for the company in a report on Wednesday, July 13th. Wunderlich boosted their price objective on shares of Liberty Broadband Corp. from $70.00 to $73.00 and gave the company a buy rating in a report on Wednesday, June 22nd. Pivotal Research boosted their price objective on shares of Liberty Broadband Corp. from $74.00 to $77.00 and gave the company a buy rating in a report on Tuesday, May 24th. Deutsche Bank AG restated a buy rating and set a $76.00 price objective on shares of Liberty Broadband Corp. in a report on Sunday, May 22nd. Finally, TheStreet upgraded shares of Liberty Broadband Corp. from a sell rating to a hold rating in a report on Monday, April 11th.

Liberty Broadband Corporation holds interests in Charter Communications, Inc (Charter), TruePosition, Inc (TruePosition) and Time Warner Cable, Inc (TWC). The Company s segments include Trueposition, Charter, and Corporate and other. The TruePosition segment includes the operations of TruePosition, a subsidiary of the Company that develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world.

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References

  1. ^ this link (www.sec.gov)
  2. ^ MarketBeat.com’s FREE daily email newsletter (www.webbreakingnews.com)

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