Shares of Liberty Broadband Corp Series A (NASDAQ:LBRDA) have been given a consensus rating of “Buy” by the eight research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $108.50.

A number of brokerages have recently issued reports on LBRDA. Macquarie upgraded Prosiebensat 1 Media from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 9th. TheStreet upgraded White Mountains Insurance Group from a “c” rating to a “b” rating in a report on Monday, May 13th. ValuEngine upgraded VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. BidaskClub cut Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, Zacks Investment Research upgraded Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, June 4th.

Hedge funds have recently modified their holdings of the stock. Princeton Global Asset Management LLC bought a new stake in Liberty Broadband Corp Series A during the fourth quarter worth $26,000. Quadrant Capital Group LLC lifted its stake in Liberty Broadband Corp Series A by 490.9% during the first quarter. Quadrant Capital Group LLC now owns 650 shares of the company’s stock worth $57,000 after purchasing an additional 540 shares during the last quarter. Mraz Amerine & Associates Inc. bought a new stake in Liberty Broadband Corp Series A during the first quarter worth $206,000. Waldron Private Wealth LLC bought a new stake in Liberty Broadband Corp Series A during the first quarter worth $219,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Liberty Broadband Corp Series A during the first quarter worth $220,000. Institutional investors and hedge funds own 11.97% of the company’s stock.

NASDAQ LBRDA traded down $0.31 during trading on Monday, reaching $106.72. 101,135 shares of the company’s stock were exchanged, compared to its average volume of 114,474. The firm’s 50 day simple moving average is $101.56. The firm has a market capitalization of $19.42 billion, a PE ratio of 280.92 and a beta of 1.31. The company has a quick ratio of 12.76, a current ratio of 12.76 and a debt-to-equity ratio of 0.05. Liberty Broadband Corp Series A has a fifty-two week low of $68.76 and a fifty-two week high of $107.39.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter. Liberty Broadband Corp Series A had a return on equity of 0.67% and a net margin of 507.95%. The firm had revenue of $3.46 million for the quarter. On average, analysts forecast that Liberty Broadband Corp Series A will post 0.85 earnings per share for the current year.

Liberty Broadband Corp Series A Company Profile

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.

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