GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) from a hold rating to a strong sell rating in a research report released on Thursday morning,Zacks.com reports.

Separately, Weiss Ratings cut shares of GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

GCI Liberty, Inc. – Series C GCI Group Price Performance

Shares of NASDAQ GLIBK opened at $25.26 on Thursday. GCI Liberty, Inc. – Series C GCI Group has a fifty-two week low of $25.18 and a fifty-two week high of $41.17. The firm’s 50-day simple moving average is $35.00 and its 200 day simple moving average is $35.86. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61. The stock has a market cap of $905.57 million and a P/E ratio of -2.36.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. Equities analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current year.

Institutional Investors Weigh In On GCI Liberty, Inc. – Series C GCI Group

A number of institutional investors and hedge funds have recently bought and sold shares of GLIBK. Barclays PLC acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $119,947,000. Northwestern Mutual Wealth Management Co. lifted its holdings in GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company’s stock valued at $84,186,000 after acquiring an additional 2,262,429 shares during the last quarter. Vanguard Group Inc. acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $81,260,000. UBS Group AG acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $77,195,000. Finally, BROOKFIELD Corp ON acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the 4th quarter worth about $27,029,000.

GCI Liberty, Inc. – Series C GCI Group Company Profile

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.