Macquarie Reiterates Their Buy Rating on Liberty Broadband Corp (LBRDA)


In a report issued on August 21, Amy Yong from Macquarie reiterated a Buy rating on Liberty Broadband Corp (NASDAQ: LBRDA), with a price target of $91. The company’s shares closed yesterday at $79.72.

According to TipRanks.com, Yong is a 4-star analyst with an average return of 6.1% and a 55.4% success rate. Yong covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Liberty Global PLC LiLAC Class A, and Madison Square Garden Co.

Currently, the analyst consensus on Liberty Broadband Corp is a Moderate Buy with an average price target of $101, which is a 26.7% upside from current levels. In a report issued on August 10, Pivotal Research also reiterated a Buy rating on the stock with a $111 price target.

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The company has a one-year high of $103.95 and a one-year low of $67.75. Currently, Liberty Broadband Corp has an average volume of 173.9K.

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Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband, and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc. The company was founded on November 4, 2014 is headquartered on Englewood, CO.

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