Zacks: GCI Liberty Inc (NASDAQ:GLIBA) Given $66.67 Average Target Price by Analysts

Shares of GCI Liberty Inc (NASDAQ:GLIBA) have been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. GCI Liberty’s rating score has declined by 19.8% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokers have set a 12 month consensus target price of $66.67 for the company and are anticipating that the company will post ($0.26) EPS for the current quarter, according to Zacks. Zacks has also given GCI Liberty an industry rank of 97 out of 256 based on the ratings given to related companies.

Several equities analysts recently weighed in on GLIBA shares. B. Riley set a $13.00 price objective on Vista Outdoor and gave the stock a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Citigroup boosted their target price on PVH from $120.00 to $128.00 and gave the stock a “neutral” rating in a report on Friday, March 29th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $69.00 price objective (up previously from $65.00) on shares of GCI Liberty in a report on Friday, May 10th.

NASDAQ GLIBA traded down $0.21 during mid-day trading on Thursday, reaching $63.93. 123,990 shares of the company’s stock traded hands, compared to its average volume of 349,336. The stock has a market capitalization of $6.83 billion, a P/E ratio of -40.46 and a beta of 1.42. The firm’s fifty day simple moving average is $61.46. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.44. GCI Liberty has a 1-year low of $38.72 and a 1-year high of $64.85.

GCI Liberty (NASDAQ:GLIBA) last announced its earnings results on Thursday, May 9th. The company reported ($1.12) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.83). GCI Liberty had a negative net margin of 2.69% and a negative return on equity of 3.67%. The business had revenue of $217.74 million for the quarter, compared to the consensus estimate of $220.00 million. Equities analysts expect that GCI Liberty will post 5.73 earnings per share for the current year.

In other news, Director Ronald A. Duncan sold 50,500 shares of GCI Liberty stock in a transaction on Friday, May 17th. The shares were sold at an average price of $60.80, for a total transaction of $3,070,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.78% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cardan Capital Partners LLC lifted its holdings in GCI Liberty by 24.3% during the 2nd quarter. Cardan Capital Partners LLC now owns 12,894 shares of the company’s stock worth $792,000 after buying an additional 2,517 shares in the last quarter. Raymond James Trust N.A. lifted its position in GCI Liberty by 14.6% during the second quarter. Raymond James Trust N.A. now owns 10,828 shares of the company’s stock worth $666,000 after acquiring an additional 1,378 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in GCI Liberty by 4.2% during the second quarter. Nisa Investment Advisors LLC now owns 5,415 shares of the company’s stock worth $333,000 after acquiring an additional 220 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in GCI Liberty during the second quarter worth approximately $276,000. Finally, First Trust Advisors LP acquired a new stake in GCI Liberty during the first quarter worth approximately $3,492,000. Hedge funds and other institutional investors own 87.59% of the company’s stock.

GCI Liberty Company Profile

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: What is the strike price in options trading?

Get a free copy of the Zacks research report on GCI Liberty (GLIBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.