Liberty Broadband Corp Series A (LBRDA) Cut to “C” at TheStreet

TheStreet downgraded shares of Liberty Broadband Corp Series A (NASDAQ:LBRDA) from a b- rating to a c rating in a research report released on Monday morning, TheStreetRatingsTable reports.

Several other brokerages have also weighed in on LBRDA. ValuEngine upgraded Liberty Broadband Corp Series A from a hold rating to a buy rating in a research note on Thursday, May 9th. BidaskClub upgraded Liberty Broadband Corp Series A from a buy rating to a strong-buy rating in a research note on Tuesday, April 30th. Zacks Investment Research lowered Liberty Broadband Corp Series A from a buy rating to a hold rating in a research note on Tuesday. Macquarie lowered Liberty Broadband Corp Series A from an outperform rating to a neutral rating and set a $104.00 price target for the company. in a research note on Tuesday, April 9th. Finally, Pivotal Research restated a buy rating and issued a $107.00 price target on shares of Liberty Broadband Corp Series A in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Liberty Broadband Corp Series A currently has a consensus rating of Buy and an average target price of $103.60.

NASDAQ LBRDA opened at $97.56 on Monday. 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 $67.75 and a fifty-two week high of $100.25. The stock has a market cap 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 announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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%. Analysts forecast that Liberty Broadband Corp Series A will post 1.35 EPS for the current year.

A number of hedge funds have recently bought and sold shares of LBRDA. BlackRock Inc. boosted its holdings in shares of Liberty Broadband Corp Series A by 0.5% during the 4th quarter. BlackRock Inc. now owns 1,574,590 shares of the company’s stock worth $113,070,000 after purchasing an additional 8,408 shares during the last quarter. FMR LLC boosted its holdings in shares of Liberty Broadband Corp Series A by 22.6% during the 4th 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 during the last quarter. Norges Bank acquired a new position in shares of Liberty Broadband Corp Series A during the 4th quarter worth approximately $47,436,000. Geode Capital Management LLC boosted its holdings in shares of Liberty Broadband Corp Series A by 22.4% during the 4th 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 during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Liberty Broadband Corp Series A by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 193,936 shares of the company’s stock worth $13,927,000 after purchasing an additional 4,598 shares during the last quarter. 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.

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