GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock Rating Lowered by Zacks Research

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

Separately, Weiss Ratings downgraded GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

GCI Liberty, Inc. – Series C GCI Group Trading Down 3.4%

NASDAQ:GLIBK opened at $25.26 on Thursday. GCI Liberty, Inc. – Series C GCI Group has a 1-year low of $25.18 and a 1-year high of $41.17. The business’s 50-day moving average price is $35.00 and its two-hundred day moving average price is $35.86. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $905.57 million and a price-to-earnings ratio of -2.36.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%. On average, equities analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current year.

Institutional Investors Weigh In On GCI Liberty, Inc. – Series C GCI Group

Large investors have recently modified their holdings of the business. Quarry LP bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $30,000. FNY Investment Advisers LLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $33,000. Fifth Third Bancorp bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the first quarter worth about $38,000. Central Pacific Bank Trust Division bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $48,000. Finally, Amalgamated Bank bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $50,000.

About GCI Liberty, Inc. – Series C GCI Group

GCI Liberty Inc is an American holding company whose principal operating asset is a majority ownership interest in General Communication Inc, the largest integrated telecommunications provider in the state of Alaska. GCI Liberty was formed in December 2019 as a tracking stock of Liberty Interactive Group to hold certain communications and digital media investments. Its shares trade on the NASDAQ under the ticker symbol GLIBK.

Through its subsidiary, the company delivers high-speed broadband internet, cable and direct-to-home video distribution, fixed voice, and mobile wireless services to residential customers across Alaska.