Zacks Investment Research Upgrades Liberty Broadband Corp (LBRDA) to “Hold”
Liberty Broadband Corp (NASDAQ:LBRDA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday. According to Zacks, “Liberty Broadband Corporation, through its subsidiaries, engages in providing digital cable services to residential and commercial customers; and entertainment, information, and communications solutions. It also provides wireless location positioning and related services.
Liberty Broadband Corporation is based in Englewood, Colorado. ” A number of other equities analysts have also commented on LBRDA. Pivotal Research dropped their price target on shares of Liberty Broadband Corp from £108.00 to £107.00 and set a “buy” rating on the stock in a research report on Wednesday, April 5th.
Telsey Advisory Group lifted their price target on shares of Liberty Broadband Corp from £85.00 to £95.00 and gave the company an “outperform” rating in a research report on Friday, February 17th. TheStreet lowered shares of Liberty Broadband Corp from a “b-” rating to a “c+” rating in a research report on Thursday, January 26th. Finally, Macquarie raised shares of Liberty Broadband Corp from a “neutral” rating to an “outperform” rating and set a £102.00 price target on the stock in a research report on Friday, January 27th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock.
The company has an average rating of “Buy” and a consensus target price of £87.67.
The stock has a 50 day moving average of £86.23 and a 200 day moving average of £79.04. Liberty Broadband Corp has a 52 week low of £55.30 and a 52 week high of £90.80.
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A number of institutional investors have recently made changes to their positions in the company. Janus Capital Management LLC bought a new position in shares of Liberty Broadband Corp during the first quarter worth about £1,081,000. HighTower Advisors LLC raised its position in shares of Liberty Broadband Corp by 4.4% in the first quarter.
HighTower Advisors LLC now owns 8,706 shares of the company’s stock worth £738,000 after buying an additional 363 shares during the period. Blue Sky Asset Management LLC bought a new position in shares of Liberty Broadband Corp during the first quarter worth about £784,000. Credit Suisse AG raised its position in shares of Liberty Broadband Corp by 8.2% in the first quarter.
Credit Suisse AG now owns 9,867 shares of the company’s stock worth £840,000 after buying an additional 744 shares during the period. Finally, Paloma Partners Management Co bought a new position in shares of Liberty Broadband Corp during the first quarter worth about £294,000.
80.64% of the stock is currently owned by institutional investors and hedge funds. Liberty Broadband Corp Company Profile
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.
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