Pivotal Research Analysts Give GCI Liberty (NASDAQ:GLIBA) a $75.00 Price Target

Pivotal Research set a $75.00 price target on GCI Liberty (NASDAQ:GLIBA) in a report published on Friday, TipRanks reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also commented on GLIBA. Evercore ISI assumed coverage on shares of GCI Liberty in a research note on Thursday. They issued an outperform rating and a $70.00 price objective for the company. B. Riley reiterated a buy rating and issued a $72.00 target price (up previously from $69.00) on shares of GCI Liberty in a research report on Friday, May 10th. Benchmark initiated coverage on shares of GCI Liberty in a research report on Thursday. They issued a buy rating and a $70.00 target price for the company. Finally, Zacks Investment Research downgraded shares of GCI Liberty from a buy rating to a hold rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. GCI Liberty presently has an average rating of Buy and an average price target of $68.50.

NASDAQ:GLIBA traded up $0.76 during trading hours on Friday, reaching $59.91. 291,555 shares of the company’s stock were exchanged, compared to its average volume of 414,902. The company has a market capitalization of $6.33 billion, a P/E ratio of -37.92 and a beta of 1.42. GCI Liberty has a 12 month low of $38.72 and a 12 month high of $64.85. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.40. The business’s 50-day simple moving average is $61.52 and its two-hundred day simple moving average is $58.27.

Several institutional investors have recently modified their holdings of GLIBA. Jackson Square Partners LLC grew its stake in shares of GCI Liberty by 107.7% in the first quarter. Jackson Square Partners LLC now owns 2,352,088 shares of the company’s stock worth $130,799,000 after acquiring an additional 1,219,442 shares during the last quarter. Janus Henderson Group PLC bought a new stake in GCI Liberty during the 1st quarter valued at $50,416,000. Nuveen Asset Management LLC bought a new stake in GCI Liberty during the 2nd quarter valued at $30,924,000. Boussard & Gavaudan Investment Management LLP bought a new stake in GCI Liberty during the 2nd quarter valued at $12,534,000. Finally, BlackRock Inc. raised its position in GCI Liberty by 3.2% during the 2nd quarter. BlackRock Inc. now owns 4,919,998 shares of the company’s stock valued at $302,383,000 after purchasing an additional 154,167 shares in the last quarter. Institutional investors and hedge funds own 88.36% of the company’s stock.

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.

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Analyst Recommendations for GCI Liberty (NASDAQ:GLIBA)

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