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 equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings lowered GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

GCI Liberty, Inc. – Series C GCI Group Price Performance

GCI Liberty, Inc. – Series C GCI Group stock opened at $25.26 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31. The firm has a market cap of $905.57 million and a P/E ratio of -2.36. The business’s fifty day moving average is $35.00 and its two-hundred day moving average is $35.86. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $25.18 and a 52 week high of $41.17.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GCI Liberty, Inc. – Series C GCI Group

Several large investors have recently made changes to their positions in the company. Quarry LP acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $30,000. FNY Investment Advisers LLC acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at about $33,000. Fifth Third Bancorp acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the first quarter valued at about $38,000. Central Pacific Bank Trust Division acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at about $48,000. Finally, Amalgamated Bank acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $50,000.

GCI Liberty, Inc. – Series C GCI Group Company Profile

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.