GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Hits New 52-Week Low – What’s Next?

Shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) reached a new 52-week low during trading on Wednesday . The stock traded as low as $23.64 and last traded at $23.66, with a volume of 1184972 shares traded. The stock had previously closed at $24.97.

Analysts Set New Price Targets

A number of research firms have recently commented on GLIBK. Weiss Ratings downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Zacks Research downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group presently has an average rating of “Sell”.

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

The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31. The firm has a market cap of $834.95 million and a price-to-earnings ratio of -2.17. The company’s fifty day moving average is $32.76 and its two-hundred day moving average is $35.14.

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 (EPS) for the quarter, missing the consensus estimate 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 research analysts forecast 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth about $30,000. FNY Investment Advisers LLC bought a new position in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth $33,000. Fifth Third Bancorp bought a new position in GCI Liberty, Inc. – Series C GCI Group during the first quarter worth $38,000. Central Pacific Bank Trust Division bought a new position in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth $48,000. Finally, Amalgamated Bank bought a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $50,000.

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.