GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Reaches New 1-Year High – Still a Buy?

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) shares hit a new 52-week high on Wednesday . The company traded as high as $40.98 and last traded at $40.97, with a volume of 182622 shares changing hands. The stock had previously closed at $39.42.

Wall Street Analysts Forecast Growth

GLIBK has been the topic of several research reports. Weiss Ratings upgraded GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, February 12th. Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, GCI Liberty, Inc. – Series C GCI Group has an average rating of “Hold”.

GCI Liberty, Inc. – Series C GCI Group Trading Up 2.5%

The company has a 50-day moving average of $37.11. The firm has a market cap of $1.44 billion and a PE ratio of 7.09. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.62.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.24. The company had revenue of $262.00 million during the quarter, compared to analyst estimates of $264.00 million.

Institutional Trading of GCI Liberty, Inc. – Series C GCI Group

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth $30,000. Western Pacific Wealth Management LP acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at about $31,000. FNY Investment Advisers LLC bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $33,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $48,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at approximately $48,000.

About GCI Liberty, Inc. – Series C GCI Group

GCI Liberty Inc is an American holding company whose principal operating asset is a majority ownership interest in General Communication Inc, the largest integrated telecommunications provider in the state of Alaska. GCI Liberty was formed in December 2019 as a tracking stock of Liberty Interactive Group to hold certain communications and digital media investments. Its shares trade on the NASDAQ under the ticker symbol GLIBK.

Through its subsidiary, the company delivers high-speed broadband internet, cable and direct-to-home video distribution, fixed voice, and mobile wireless services to residential customers across Alaska.