Liberty Broadband (NASDAQ:LBRDA) Rating Upped
Equity research analysts at Macquarie’s equity division upped Liberty Broadband (NASDAQ:LBRDA)’s stock from Neutral to Outperform on 27 January.
The firm’s rating upgrade is welcomed by stock traders, as NASDAQ:LBRDA is currently trading 8.86% higher at $85.91 as of 2:04 AM New York time. Liberty Broadband’s stock is 0% over the past 200 days. It has underperformed the S&P 500, which has increased 11.40% over the same time.
Out of 7 brokers covering Liberty Broadband, 7 rate it a Buy, 2 indicate a Hold while 0 suggest a Sell. The highest target is $77 and the lowest is $55 according to Thomson/First Call. The 12-month mean target is $69.14, which means downside potential of 19.52% over the current price.
Liberty Broadband (NASDAQ:LBRDA) Profile
Liberty Broadband Corporation holds interests in Charter Communications, Inc. (Charter), TruePosition, Inc. (TruePosition) and Time Warner Cable, Inc. (TWC). The Company’s segments include Trueposition, Charter, and Corporate and other. The TruePosition segment includes the operations of TruePosition, a subsidiary of the Company that develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world.
Liberty Broadband (NASDAQ:LBRDA) traded up 8.86% on 27 January, hitting $85.91. A total of shares of the company’s stock traded hands. This is down from average of 122,211 shares. Liberty Broadband has a 52 week low of $42.03 and a 52 week high of $86.69. The company has a market cap of $15.90 billion and a P/E ratio of 14.8.
Get the latest Liberty Broadband (NASDAQ:LBRDA) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.
The post Liberty Broadband (NASDAQ:LBRDA) Increased by Macquarie to Neutral from Neutral Rating appeared first on Octafinance.