Zacks Investment Research downgraded Liberty Broadband Corp (NASDAQ:LBRDA) to Sell in a statement released …
Zacks Investment Research has downgraded Liberty Broadband Corp (NASDAQ:LBRDA) to Sell in a statement released on 03/15/2017. Boasting a price of $84.19, Liberty Broadband Corp (NASDAQ:LBRDA) traded 0.21% higher on the day. With the last stock price close up 14.62% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Liberty Broadband Corp has recorded a 50-day average of $84.25 and a two hundred day average of $73.68. Volume of trade was up over the average, with 125,162 shares of LBRDA changing hands over the typical 118,405
With a market cap of $0, Liberty Broadband Corp has 52 week low of $54.53 and a 52 week high of $87.47 with a P/E ratio of 14.07 .
Also covering Liberty Broadband Corp’s price target, a total of 7 brokerages have issued a ratings update on LBRDA. The one year target is $69.14 with two equity analysts rating the company a strong buy, five analysts rating the company a buy, two firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Liberty Broadband Corp (NASDAQ:LBRDA)
Liberty Broadband Corporation holds interest in Charter Communications, Inc. (Charter) and its subsidiary Skyhook Holding, Inc. (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions. Charter is an equity method investment that provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. Charter offers its customers subscription-based video services, including video on demand (VOD), high definition television, and digital video recorder service, Internet services and voice services. Skyhook’s Wi-Fi location solution can be used to help carriers and emergency personnel offer E-9-1-1 services domestically.
Charter offers broadband communications solutions for businesses and carrier organizations.