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Fly News Breaks for March 4, 2019
LBRDA, GLIBA
Mar 4, 2019 | 08:34 EDT
B. Riley FBR analyst Zack Silver added GCI Liberty (GLIBA) to his firm's Alpha Generator list and raised his price target for the shares to $69 from $66. The analyst sees "meaningful" catalysts and opportunities for the company over the next 12 months, including a potential combination with relative Liberty Broadband (LBRDA), and a better environment for the core Alaskan cable business. He believes Liberty could announce a combination between GCI Liberty and Liberty Broadband as soon as this month. The analyst sees 16% upside for GCI in a merger with Liberty Broadband and keeps a Buy rating on the shares.
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