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One Stock Analysts Are Watching – Liberty Broadband Corporation (NASDAQ:LBRDA)

Recently stock market analysts updated their outstanding price targets on shares of Liberty Broadband Corporation (NASDAQ:LBRDA).
According to the latest research reports released, 2 analysts have issued a rating of “buy”, 5 analysts “outperform”, 1 analysts “hold”, 0 analysts “underperform” and 0 analysts “sell”.

Most recently issued ratings from research reports:

04/05/2017 – Liberty Broadband Corporation had its “buy” rating reiterated by analysts at Pivotal Research. They now have a USD 107 price target on the stock.

02/17/2017 – Liberty Broadband Corporation had its “outperform” rating reiterated by analysts at Telsey Advisory Group. They now have a USD 95 price target on the stock.

01/27/2017 – Liberty Broadband Corporation was upgraded to “outperform” by analysts at Macquarie.

They now have a USD 102 price target on the stock.

06/22/2016 – Liberty Broadband Corporation had its “buy” rating reiterated by analysts at Wunderlich. They now have a USD 73 price target on the stock.

03/18/2016 – Liberty Broadband Corporation was upgraded to “buy” by analysts at Buckingham Research. They now have a USD 69 price target on the stock.

11/16/2015 – Liberty Broadband Corporation had its “buy” rating reiterated by analysts at Deutsche Bank. They now have a USD 68 price target on the stock.

06/24/2015 – Liberty Broadband Corporation had its “equal weight” rating reiterated by analysts at Morgan Stanley. They now have a USD 52 price target on the stock.

02/20/2015 – FBN Securities began new coverage on Liberty Broadband Corporation giving the company a “outperform” rating.

11/20/2014 – Evercore ISI began new coverage on Liberty Broadband Corporation giving the company a “buy” rating. The share price of Liberty Broadband Corporation (NASDAQ:LBRDA) was down -1.22% during the last trading session, with a day high of 87.05.

33647 shares were traded on Liberty Broadband Corporation’s last session.

The stock’s 50 day moving average is 84.77 and its 200 day moving average is 75.82. The stock’s market capitalization is 15.55B. Liberty Broadband Corporation has a 52-week low of 54.53 and a 52-week high of 88.57.

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.

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References

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CASEY: Congress sides with broadband providers on customers’ ‘browsing history

President Donald Trump is closing in on his first 100 days, which are not going swell. His so-called “Muslim ban” is on hold. Trumpcare collapsed amid GOP squabbling.

Chances of “the wall” happening are slimming by the day as Republicans from border states criticize it with terms such as “boondoggle.” There have been a few accomplishments. One came last week, when the president signed legislation passed by Congress that affects broadband internet service providers.

It freed them from a pending Federal Communications Commission rule, which had not yet taken effect. The rule would have required broadband providers to get customers’ consent before selling their browsing histories. With the rule overturned, consent will be unnecessary — unless Congress mandates it through some other means.

This is hardly a “red meat” issue like abortion or transgender people in public bathrooms. Nevertheless, Congress voted along party lines in both the House of Representatives and the Senate. Reps.

Bob Goodlatte, R-Roanoke County; Morgan Griffith, R-Salem; and Tom Garrett, R-Buckingham, voted to kill the rule. Sens. Mark Warner and Tim Kaine, both Democrats, voted to maintain the restriction.

Only Kaine issued a public statement after the vote. He called on Trump to veto the bill because it “jeopardizes the privacy of Virginians.” I decided to seek more explanations.

Warner said: “Consumers have a right to know how companies across the digital economy are using their personal information and should be provided an effective means to give or revoke consent.” Kaine’s statement, issued March 29, noted that “customers are entitled to privacy and should not have to worry about telecommunications providers going through their data or selling it without their knowledge.” The Republicans framed the issue as one of flawed regulation from unelected bureaucrats serving under a particular former president.

Goodlatte referred to it specifically as “the Obama administration’s Federal Communications Commission rule.” Consider this statement from Griffith: “Traditionally, the Federal Trade Commission has been responsible for internet privacy standards, but at the end of the Obama administration, the Federal Communications Commission attempted to implement a regulation targeted only at internet service providers like AT&T or Verizon.

“Even if FCC did have authority, their rule was complicated and one-sided, not addressing privacy protection from huge companies such as Google and Facebook. “It is important to protect individual privacy and I strongly believe in defending privacy on the internet. However, when unelected bureaucrats design an ineffective regulation, blurring the jurisdiction between the FCC and FTC, I believe Congress has the responsibility to prevent the rule from taking effect.”

Goodlatte said: “The FCC rule created disjointed oversight of internet privacy. The Federal Trade Commission has long been the agency responsible for protecting consumer privacy and already regulates web services like Google or Facebook, while the FCC’s new rule would regulate internet service providers differently. Two different rules from two different agencies on a similar topic is a recipe for confusion.”

A spokesman for Garrett did not respond by deadline. Nice try, guys. But the references to Google and Facebook seem like apples-to-oranges comparisons.

Are Google and Facebook monopolies like many broadband providers are in their markets? Do Google and Facebook run a wire to your house and collect a monthly bill for a broadband connection? The FCC already regulates cable television, satellite TV services and telephone companies.

Isn’t broadband a more natural extension of that? Warner said the GOP arguments fail for other important reasons. A big one: Congress already has exempted “common carriers,” such as broadband providers, from being subject to rule-making by the FTC.

Congress has not touched that exemption. “While congressional opponents of the rule claim they were simply returning jurisdiction over privacy to the Federal Trade Commission, their reluctance to overturn the common carrier exemption … and their consistent refusal to vest the FTC with any meaningful rulemaking authority to protect consumer privacy, belies this claim,” Warner said. What about the broadband companies?

Cox Communications, Verizon and Comcast are dominant in the Roanoke region. Cox said it doesn’t collect browsing histories, much less sell them. The others indicated they don’t currently sell browsing histories, nor do they have plans to do so in the future.

But if you read between the lines of those companies’ statements, you’ll find few hard promises for down the road. Conceivably, one of those companies could devise a plan to sell the information tomorrow — and its earlier statement to the contrary would remain technically true in the context of the date it was issued. Anyway, who do you think was behind getting the rule overturned?

It was broadband companies. They invested no small amount of time, money and lobbying. If you believe they did it on behalf of some highfalutin philosophical principle like liberty or justice, or a more picayune one, like a desire to be regulated by a different three-letter federal acronym, then please give me a call.

I’ve got a bridge for sale — cheap.

Liberty Broadband Corporation (NASDAQ:LBRDA) Broker Price Targets For The Coming Week

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Liberty Broadband Corporation (NASDAQ:LBRDA).

According to the the latest analyst ratings which have been released, 2 brokers have issued a rating of “buy”, 5 brokers “outperform”, 1 brokers “hold”, 0 brokers “underperform” and 0 brokers “sell”.

Recent broker ratings and price targets:

04/05/2017 – Liberty Broadband Corporation had its “buy” rating reiterated by analysts at Pivotal Research. They now have a USD 107 price target on the stock.

02/17/2017 – Liberty Broadband Corporation had its “outperform” rating reiterated by analysts at Telsey Advisory Group. They now have a USD 95 price target on the stock.

01/27/2017 – Liberty Broadband Corporation was upgraded to “outperform” by analysts at Macquarie. They now have a USD 102 price target on the stock.

06/22/2016 – Liberty Broadband Corporation had its “buy” rating reiterated by analysts at Wunderlich. They now have a USD 73 price target on the stock.

03/18/2016 – Liberty Broadband Corporation was upgraded to “buy” by analysts at Buckingham Research. They now have a USD 69 price target on the stock.

11/16/2015 – Liberty Broadband Corporation had its “buy” rating reiterated by analysts at Deutsche Bank. They now have a USD 68 price target on the stock.

06/24/2015 – Liberty Broadband Corporation had its “equal weight” rating reiterated by analysts at Morgan Stanley. They now have a USD 52 price target on the stock.

02/20/2015 – FBN Securities began new coverage on Liberty Broadband Corporation giving the company a “outperform” rating.

11/20/2014 – Evercore ISI began new coverage on Liberty Broadband Corporation giving the company a “buy” rating.

Liberty Broadband Corporation has a 50 day moving average of 84.28 and a 200 day moving average of 74.18. The stock’s market capitalization is 15.74B, it has a 52-week low of 54.53 and a 52-week high of 87.47. The share price of the company (NASDAQ:LBRDA) was down -0.52%, with a high of 87.19 during the day and the volume of Liberty Broadband Corporation shares traded was 37073.

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.