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Zacks Investment Research disclosed Liberty Broadband Corp (NASDAQ:LBRDK), hiking its stock price target to $79.00 earlier today

Showing a price of $70.29, Liberty Broadband Corp (NASDAQ:LBRDK) traded 0.88% higher on the day. The last close is up 17.28% from the 200-day average, compared to the S&P 500 which has fallen -0.01% over the date range. Liberty Broadband Corp has been tracking to a 50-day moving average of $67.48 and 200-day moving average of $60.46. Volume of trade was was up over the average, with 875,106 shares of LBRDK changing hands over the typical 827,620 shares.

Liberty Broadband Corp (NASDAQ:LBRDK) had its estimated target price raised to $79 by Zacks Investment Research in an issued report announced Wednesday September 14 2016. The latest target price indicates a possible upside of 0.12% from the company’s previous stock close price.

See Graph Below:

Liberty Broadband Corp (NASDAQ:LBRDK)

Liberty Broadband Corp has a 52 week low of $41.30 and a 52 week high of $72.52 . Liberty Broadband Corp’s market capitalization is presently $0.0.

Brief Synopsis About Liberty Broadband Corp (NASDAQ:LBRDK)

Liberty Broadband Corporation holds interests in Charter Communications, Inc. (Charter), TruePosition, Inc. (TruePosition) and Time Warner Cable, Inc. (TWC). The Company’s segments include Trueposition, Charter, and Corporate and other. The TruePosition segment includes the operations of TruePosition, a subsidiary of the Company that develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world. The Charter segment includes its investment in Charter, a provider of cable services in the United States. Charter provides a range of entertainment, information and communications solutions to residential and commercial customers. Through Spectrum Business, and Charter provides scalable broadband communications solutions to business and carrier organizations.

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