GCI Liberty (NASDAQ:GLIBA) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI started coverage on shares of GCI Liberty (NASDAQ:GLIBA) in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. The firm issued an outperform rating and a $70.00 price objective on the stock.

GLIBA has been the topic of a number of other reports. Zacks Investment Research lowered shares of GCI Liberty from a buy rating to a hold rating in a research report on Thursday, July 11th. Benchmark began coverage on shares of GCI Liberty in a report on Thursday. They issued a buy rating and a $70.00 target price on the stock. B. Riley reiterated a buy rating and issued a $72.00 target price (up from $69.00) on shares of GCI Liberty in a report on Friday, May 10th. Finally, Pivotal Research reiterated a buy rating and issued a $69.00 target price (up from $65.00) on shares of GCI Liberty in a report on Friday, May 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $67.50.

GLIBA opened at $59.15 on Thursday. GCI Liberty has a twelve month low of $38.72 and a twelve month high of $64.85. The firm’s 50-day moving average price is $61.52 and its 200 day moving average price is $58.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.57 and a current ratio of 0.59.

Several institutional investors have recently added to or reduced their stakes in GLIBA. Legal & General Group Plc boosted its stake in GCI Liberty by 9.4% during the fourth quarter. Legal & General Group Plc now owns 57,359 shares of the company’s stock valued at $2,360,000 after buying an additional 4,910 shares during the period. Geode Capital Management LLC boosted its stake in GCI Liberty by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 1,040,138 shares of the company’s stock valued at $42,812,000 after buying an additional 58,070 shares during the period. Deutsche Bank AG boosted its stake in GCI Liberty by 158.7% during the fourth quarter. Deutsche Bank AG now owns 16,365 shares of the company’s stock valued at $672,000 after buying an additional 10,038 shares during the period. Karpas Strategies LLC bought a new stake in GCI Liberty during the first quarter valued at $241,000. Finally, Strs Ohio bought a new stake in GCI Liberty during the first quarter valued at $420,000. 88.08% of the stock is currently owned by institutional investors and hedge funds.

About GCI Liberty

GCI Liberty, Inc, together with its subsidiaries, provides various communication services in the United States. The company offers data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services.

Read More: No Load Funds

Analyst Recommendations for GCI Liberty (NASDAQ:GLIBA)

Receive News & Ratings for GCI Liberty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCI Liberty and related companies with MarketBeat.com's FREE daily email newsletter.