Liberty Broadband Corp Series A (NASDAQ:LBRDA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, Zacks.com reports.

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. “

Other research analysts also recently issued research reports about the company. TheStreet raised Liberty Broadband Corp Series A from a “c+” rating to a “b-” rating in a research note on Friday, February 1st. ValuEngine raised Liberty Broadband Corp Series A from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. BidaskClub raised Liberty Broadband Corp Series A from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Pivotal Research reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Liberty Broadband Corp Series A in a research note on Tuesday, March 5th. Finally, TD Securities assumed coverage on Liberty Broadband Corp Series A in a research note on Wednesday, January 16th. They issued a “buy” rating and a $105.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $103.60.

LBRDA stock opened at $97.56 on Tuesday. Liberty Broadband Corp Series A has a fifty-two week low of $67.75 and a fifty-two week high of $100.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 12.76 and a current ratio of 12.76. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 256.74 and a beta of 1.43.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last posted its earnings results on Thursday, May 9th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.32). Liberty Broadband Corp Series A had a net margin of 507.95% and a return on equity of 0.67%. On average, equities analysts predict that Liberty Broadband Corp Series A will post 1.35 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in LBRDA. Norges Bank purchased a new stake in shares of Liberty Broadband Corp Series A during the fourth quarter worth about $47,436,000. FMR LLC grew its position in shares of Liberty Broadband Corp Series A by 22.6% during the fourth quarter. FMR LLC now owns 1,320,714 shares of the company’s stock worth $94,840,000 after purchasing an additional 243,775 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Liberty Broadband Corp Series A during the fourth quarter worth about $11,127,000. Geode Capital Management LLC grew its position in shares of Liberty Broadband Corp Series A by 22.4% during the fourth quarter. Geode Capital Management LLC now owns 306,757 shares of the company’s stock worth $22,028,000 after purchasing an additional 56,177 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in shares of Liberty Broadband Corp Series A by 2,867.4% during the first quarter. BNP Paribas Arbitrage SA now owns 46,380 shares of the company’s stock worth $4,250,000 after purchasing an additional 44,817 shares in the last quarter. Hedge funds and other institutional investors own 12.63% of the company’s stock.

About Liberty Broadband Corp Series A

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

Further Reading: Overbought

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