Citigroup upgraded shares of GCI Liberty (NASDAQ:GLIBA) from a neutral rating to a buy rating in a research note released on Tuesday morning, Briefing.com Automated Import reports. Citigroup currently has $80.00 target price on the stock, up from their previous target price of $76.00.

A number of other brokerages have also recently issued reports on GLIBA. Zacks Investment Research upgraded shares of GCI Liberty from a sell rating to a hold rating in a report on Tuesday, October 29th. ValuEngine cut shares of GCI Liberty from a hold rating to a sell rating in a report on Wednesday, October 2nd. B. Riley lifted their price objective on shares of GCI Liberty from $72.00 to $73.00 and gave the company a buy rating in a report on Thursday, August 29th. Pivotal Research set a $75.00 price objective on shares of GCI Liberty and gave the company a buy rating in a report on Friday, August 16th. Finally, Benchmark lifted their price objective on shares of GCI Liberty from $70.00 to $79.00 and gave the company a buy rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $73.67.

Shares of GLIBA stock traded down $0.90 during trading hours on Tuesday, hitting $72.71. 365,600 shares of the company’s stock traded hands, compared to its average volume of 440,686. The stock has a market cap of $7.77 billion, a PE ratio of -46.02 and a beta of 1.39. The stock’s 50 day simple moving average is $66.85 and its 200 day simple moving average is $62.54. GCI Liberty has a 12 month low of $38.72 and a 12 month high of $74.00. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.40.

In related news, Director Ronald A. Duncan sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $63.76, for a total transaction of $3,188,000.00. Also, insider Albert E. Rosenthaler sold 1,075 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $59.99, for a total transaction of $64,489.25. Following the transaction, the insider now directly owns 72,846 shares in the company, valued at $4,370,031.54. The disclosure for this sale can be found here. 8.78% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quest Capital Management Inc. ADV bought a new stake in GCI Liberty in the third quarter worth about $27,000. Ladenburg Thalmann Financial Services Inc. raised its position in GCI Liberty by 27.9% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,060 shares of the company’s stock worth $65,000 after acquiring an additional 231 shares during the period. Financial Gravity Wealth Inc. raised its position in GCI Liberty by 308.8% in the second quarter. Financial Gravity Wealth Inc. now owns 1,574 shares of the company’s stock worth $97,000 after acquiring an additional 1,189 shares during the period. SG Americas Securities LLC raised its position in GCI Liberty by 10.3% in the third quarter. SG Americas Securities LLC now owns 1,888 shares of the company’s stock worth $117,000 after acquiring an additional 176 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in GCI Liberty in the second quarter worth about $213,000. 87.72% of the stock is currently owned by institutional investors.

GCI Liberty Company Profile

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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Analyst Recommendations for GCI Liberty (NASDAQ:GLIBA)

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