Liberty Broadband Corp Series C (NASDAQ:LBRDK) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Liberty Broadband Corporation, through its subsidiaries, engages in providing digital cable services to residential and commercial customers; and entertainment, information, and communications solutions. It also provides wireless location positioning and related services. Liberty Broadband Corporation is based in Englewood, Colorado. “

LBRDK has been the subject of several other research reports. TheStreet downgraded shares of Liberty Broadband Corp Series C from a “b” rating to a “c+” rating in a report on Monday, December 24th. TD Securities upped their price objective on shares of Liberty Broadband Corp Series C from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, March 1st.

LBRDK stock opened at $93.47 on Wednesday. The stock has a market capitalization of $16.76 billion, a P/E ratio of 245.97 and a beta of 1.40. Liberty Broadband Corp Series C has a fifty-two week low of $68.33 and a fifty-two week high of $94.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 10.33 and a quick ratio of 10.33.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last posted its quarterly earnings data on Friday, February 8th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.30). The company had revenue of $3.58 million during the quarter. Liberty Broadband Corp Series C had a return on equity of 0.66% and a net margin of 314.28%. On average, analysts anticipate that Liberty Broadband Corp Series C will post 1.75 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. increased its stake in shares of Liberty Broadband Corp Series C by 9.4% during the third quarter. Russell Investments Group Ltd. now owns 12,950 shares of the company’s stock worth $1,087,000 after purchasing an additional 1,115 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Liberty Broadband Corp Series C by 1.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 336,335 shares of the company’s stock worth $28,353,000 after purchasing an additional 6,218 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Liberty Broadband Corp Series C by 9.0% during the third quarter. Toronto Dominion Bank now owns 11,604 shares of the company’s stock worth $978,000 after purchasing an additional 958 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Liberty Broadband Corp Series C during the third quarter worth about $225,000. Finally, Janus Henderson Group PLC increased its stake in shares of Liberty Broadband Corp Series C by 15.7% during the third quarter. Janus Henderson Group PLC now owns 1,970,572 shares of the company’s stock worth $166,119,000 after purchasing an additional 268,095 shares in the last quarter. Hedge funds and other institutional investors own 56.31% of the company’s stock.

Liberty Broadband Corp Series C Company Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

Recommended Story: Net Asset Value

Get a free copy of the Zacks research report on Liberty Broadband Corp Series C (LBRDK)

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

Receive News & Ratings for Liberty Broadband Corp Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband Corp Series C and related companies with MarketBeat.com's FREE daily email newsletter.