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Liberty Broadband (LBRDK) Receives a Hold from Morgan Stanley

Morgan Stanley analyst Benjamin Swinburne maintained a Hold rating on Liberty Broadband (LBRDKResearch Report) today and set a price target of $139.00. The company’s shares closed last Thursday at $122.18.

According to TipRanks.com, Swinburne is a 5-star analyst with an average return of 8.7% and a 55.9% success rate. Swinburne covers the Services sector, focusing on stocks such as Liberty Media Liberty Formula One, Endeavor Group Holdings Inc, and Live Nation Entertainment.

Currently, the analyst consensus on Liberty Broadband is a Strong Buy with an average price target of $174.75.

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Based on Liberty Broadband’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $249 million and net profit of $387 million. In comparison, last year the company earned revenue of $247 million and had a net profit of $52 million.

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Colorado-based Liberty Broadband Corporation is a cable operator, which provides a broad range of communications businesses including cable, broadband and mobile location technology. Its principal assets consist of its interest in Charter Communications and its subsidiaries: Skyhook and GCI. GCI is Alaska’s largest communications provider.

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