GCI Liberty (NASDAQ:GLIBA) Lifted to “Buy” at Zacks Investment Research

GCI Liberty (NASDAQ:GLIBA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, Zacks.com reports. The brokerage presently has a $82.00 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.47% from the company’s current price.

According to Zacks, “GCI Liberty, Inc. provides telecommunication services. The Company offers broadband, television, tariff information, bills payment, connection and installation and other related services. GCI Liberty, Inc. is headquartered in Alaska, North America. “

GLIBA has been the topic of several other reports. Benchmark lifted their price target on GCI Liberty from $70.00 to $79.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Pivotal Research set a $75.00 price target on GCI Liberty and gave the company a “buy” rating in a research report on Friday, August 16th. Evercore ISI assumed coverage on GCI Liberty in a research report on Thursday, August 15th. They set an “outperform” rating and a $70.00 price target on the stock. B. Riley lifted their price target on GCI Liberty from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, Citigroup raised GCI Liberty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $80.00 in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $76.50.

Shares of NASDAQ GLIBA traded up $0.37 during mid-day trading on Tuesday, hitting $73.56. 441,400 shares of the stock traded hands, compared to its average volume of 407,271. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.60 and a current ratio of 0.60. GCI Liberty has a 52 week low of $38.72 and a 52 week high of $74.24. The company has a market cap of $7.68 billion, a price-to-earnings ratio of -46.56 and a beta of 1.39. The stock has a fifty day moving average price of $67.81 and a 200-day moving average price of $62.82.

In other GCI Liberty news, Director Ronald A. Duncan sold 50,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $63.76, for a total value of $3,188,000.00. Insiders own 8.78% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in GLIBA. Quest Capital Management Inc. ADV bought a new position in shares of GCI Liberty during the third quarter valued at $27,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of GCI Liberty by 27.9% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,060 shares of the company’s stock valued at $65,000 after purchasing an additional 231 shares in the last quarter. Financial Gravity Wealth Inc. lifted its holdings in shares of GCI Liberty by 308.8% during the second quarter. Financial Gravity Wealth Inc. now owns 1,574 shares of the company’s stock valued at $97,000 after purchasing an additional 1,189 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of GCI Liberty by 10.3% during the third quarter. SG Americas Securities LLC now owns 1,888 shares of the company’s stock valued at $117,000 after purchasing an additional 176 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in shares of GCI Liberty during the second quarter valued at $213,000. 84.49% 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.

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