Liberty Broadband (LBRDA) Lowered to Sell at BidaskClub
BidaskClub downgraded shares of Liberty Broadband (NASDAQ:LBRDA) from a hold rating to a sell rating in a research note published on Friday morning.
Other analysts have also issued reports about the company. Pivotal Research raised their target price on Liberty Broadband from $108.00 to $113.00 and gave the company a buy rating in a research note on Wednesday, November 15th. TheStreet upgraded Liberty Broadband from a c rating to a b rating in a research report on Tuesday, February 20th. ValuEngine lowered Liberty Broadband from a hold rating to a sell rating in a research report on Wednesday, February 14th. Buckingham Research started coverage on Liberty Broadband in a research report on Wednesday, December 13th. They issued a buy rating and a $119.00 price objective for the company. Finally, lifted their price objective on Liberty Broadband from $108.00 to $113.00 and gave the stock a buy rating in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $117.50.
Shares of Liberty Broadband (NASDAQ:LBRDA) traded down $1.18 during trading hours on Friday, hitting $85.87. The stock had a trading volume of 337,403 shares, compared to its average volume of 172,805. Liberty Broadband has a 52 week low of $80.39 and a 52 week high of $104.35. The firm has a market capitalization of $15,785.21, a price-to-earnings ratio of 858.79 and a beta of 1.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 7.97 and a current ratio of 7.97.
Several large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in Liberty Broadband in the 4th quarter valued at approximately $124,000. Quantbot Technologies LP bought a new stake in Liberty Broadband in the 3rd quarter valued at approximately $140,000. Glenmede Trust Co. NA lifted its stake in Liberty Broadband by 438.3% in the 4th quarter. Glenmede Trust Co. NA now owns 1,825 shares of the company’s stock valued at $154,000 after acquiring an additional 1,486 shares in the last quarter. Palladium Partners LLC bought a new stake in Liberty Broadband in the 3rd quarter valued at approximately $202,000. Finally, Trexquant Investment LP bought a new stake in Liberty Broadband in the 3rd quarter valued at approximately $208,000. Institutional investors and hedge funds own 12.07% of the company’s stock.
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About Liberty Broadband
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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