Liberty Broadband Corp Series A (NASDAQ:LBRDA) Now Covered by Analysts at Benchmark

Benchmark started coverage on shares of Liberty Broadband Corp Series A (NASDAQ:LBRDA) in a research report sent to investors on Thursday morning, Briefing.com Automated Import reports. The firm issued a buy rating and a $122.00 target price on the stock.

Several other equities analysts have also recently commented on the stock. Deutsche Bank upped their target price on shares of Liberty Broadband Corp Series A from $107.00 to $118.00 and gave the company a buy rating in a research note on Friday, May 17th. BidaskClub cut shares of Liberty Broadband Corp Series A from a strong-buy rating to a buy rating in a research note on Tuesday, July 23rd. Zacks Investment Research upgraded shares of Liberty Broadband Corp Series A from a sell rating to a hold rating in a research note on Tuesday, June 4th. ValuEngine cut shares of Liberty Broadband Corp Series A from a buy rating to a hold rating in a research note on Thursday, August 1st. Finally, TD Securities upgraded shares of Liberty Broadband Corp Series A from a hold rating to a buy rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Liberty Broadband Corp Series A has an average rating of Buy and an average target price of $109.50.

NASDAQ:LBRDA traded up $1.32 during trading hours on Thursday, hitting $98.42. 3,076 shares of the company traded hands, compared to its average volume of 116,231. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 259.05 and a beta of 1.30. Liberty Broadband Corp Series A has a twelve month low of $68.76 and a twelve month high of $107.39. The firm has a 50-day moving average of $102.06 and a 200 day moving average of $96.65. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.05.

Institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new stake in Liberty Broadband Corp Series A in the 2nd quarter valued at $35,000. Quadrant Capital Group LLC increased its holdings in Liberty Broadband Corp Series A by 490.9% in the 1st quarter. Quadrant Capital Group LLC now owns 650 shares of the company’s stock valued at $57,000 after buying an additional 540 shares during the period. Pathstone Family Office LLC increased its holdings in Liberty Broadband Corp Series A by 141.7% in the 2nd quarter. Pathstone Family Office LLC now owns 1,008 shares of the company’s stock valued at $104,000 after buying an additional 591 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Liberty Broadband Corp Series A in the 2nd quarter valued at $106,000. Finally, Point72 Hong Kong Ltd bought a new stake in Liberty Broadband Corp Series A in the 2nd quarter valued at $125,000. 11.96% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Liberty Broadband Corp Series A (NASDAQ:LBRDA)

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