Liberty Broadband Corp. (LBRDA) Sets New 12-Month High at $70.09
Liberty Broadband Corp. (NASDAQ:LBRDA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $70.09 and last traded at $67.07, with a volume of 145,112 shares trading hands. The stock had previously closed at $67.50.
A number of equities research analysts have issued reports on LBRDA shares. Deutsche Bank AG restated a “buy” rating and set a $76.00 price objective on shares of Liberty Broadband Corp. in a research report on Sunday, May 22nd. Zacks Investment Research upgraded Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Wednesday, July 13th. Wunderlich increased their price target on Liberty Broadband Corp. from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, June 22nd. Finally, Pivotal Research increased their price target on Liberty Broadband Corp. from $74.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, May 24th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $73.60.
The firm’s market cap is $7.29 billion. The firm has a 50 day moving average of $64.80 and a 200 day moving average of $58.88.
In other Liberty Broadband Corp. news, insider Albert E. Rosenthaler sold 1,907 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $67.39, for a total value of $128,512.73. Following the sale, the insider now owns 18,769 shares of the company’s stock, valued at $1,264,842.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John C. Malone sold 122,795 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $68.45, for a total value of $8,405,317.75. Following the completion of the sale, the director now directly owns 4,145,781 shares in the company, valued at approximately $283,778,709.45. The disclosure for this sale can be found here.
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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