GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) from a hold rating to a strong sell rating in a research report released on Thursday morning,Zacks.com reports.

GCI Liberty, Inc. – Series A GCI Group Trading Down 2.4%

GLIBA opened at $25.59 on Thursday. The firm has a market capitalization of $734.43 million and a P/E ratio of -2.39. The firm’s 50 day moving average is $35.20 and its 200-day moving average is $35.95. GCI Liberty, Inc. – Series A GCI Group has a 52-week low of $25.26 and a 52-week high of $41.87. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). The firm had revenue of $256.00 million for the quarter. GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. Analysts expect that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current fiscal year.

Institutional Trading of GCI Liberty, Inc. – Series A GCI Group

A number of hedge funds have recently made changes to their positions in GLIBA. US Bancorp DE purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $27,000. AlphaQuest LLC purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $31,000. JPMorgan Chase & Co. purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $33,000. Legal & General Group Plc purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $39,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $39,000.

GCI Liberty, Inc. – Series A GCI Group 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 primarily in Alaska under the GCI brand. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services. The company is based in Englewood, Colorado.