Pivotal Research set a $75.00 target price on GCI Liberty (NASDAQ:GLIBA) in a research report report published on Friday morning, TipRanks reports. The firm currently has a buy rating on the stock.
Other equities analysts have also recently issued research reports about the company. B. Riley reaffirmed a buy rating and issued a $72.00 price target (up previously from $69.00) on shares of GCI Liberty in a report on Friday, May 10th. Zacks Investment Research cut GCI Liberty from a buy rating to a hold rating in a report on Thursday, July 11th. Benchmark started coverage on GCI Liberty in a report on Thursday. They set a buy rating and a $70.00 target price for the company. Finally, Evercore ISI started coverage on GCI Liberty in a report on Thursday. They set an outperform rating and a $70.00 target price for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. GCI Liberty currently has a consensus rating of Buy and a consensus price target of $68.50.
Shares of GLIBA traded up $0.76 during mid-day trading on Friday, reaching $59.91. The company had a trading volume of 291,555 shares, compared to its average volume of 414,902. GCI Liberty has a 52-week low of $38.72 and a 52-week 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 stock has a market capitalization of $6.33 billion, a P/E ratio of -37.92 and a beta of 1.42. The stock has a 50 day moving average of $61.52 and a two-hundred day moving average of $58.27.
Several large investors have recently bought and sold shares of GLIBA. Jackson Square Partners LLC increased its holdings 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 valued at $130,799,000 after purchasing an additional 1,219,442 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of GCI Liberty in the first quarter valued at approximately $50,416,000. Nuveen Asset Management LLC acquired a new stake in shares of GCI Liberty in the second quarter valued at approximately $30,924,000. Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of GCI Liberty in the second quarter valued at approximately $12,534,000. Finally, BlackRock Inc. increased its holdings in shares of GCI Liberty by 3.2% in the second 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 during the last quarter. 88.36% of the stock is owned by hedge funds and other institutional investors.
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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