Zacks Investment Research upgraded shares of Liberty Media (NASDAQ:FWONK) from a hold rating to a strong-buy rating in a research note published on Tuesday, May 15th. Zacks Investment Research currently has $35.00 target price on the stock.
According to Zacks, “Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses through their operating subsidiaries and investments in various publicly-traded companies. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, as well as infotainment services on a subscription fee basis through its satellite radio systems; provides next-generation connected vehicle applications and services; streams music and non-music channels over the Internet; sells satellite and Internet radios to consumers through Website and retailers; and offers other ancillary services, such as weather, traffic, data, and Backseat television services. Liberty Media Corporation is headquartered in Englewood, Colorado. “
Several other analysts have also recently commented on FWONK. ValuEngine cut shares of Liberty Media from a hold rating to a sell rating in a research note on Thursday, May 10th. Barclays lowered their price objective on shares of Liberty Media from $35.00 to $30.00 and set a hold rating for the company in a research note on Monday, April 16th. Finally, Morgan Stanley raised shares of Liberty Media from an equal weight rating to an overweight rating and set a $39.00 price objective for the company in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $42.43.
FWONK stock opened at $31.41 on Tuesday. Liberty Media has a 12-month low of $28.37 and a 12-month high of $41.14. The company has a market cap of $7.35 billion, a PE ratio of 25.96 and a beta of 1.48.
Liberty Media (NASDAQ:FWONK) last issued its quarterly earnings data on Wednesday, May 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.92) by $0.85. The company had revenue of $114.00 million for the quarter. sell-side analysts anticipate that Liberty Media will post -0.54 earnings per share for the current year.
Several institutional investors have recently modified their holdings of FWONK. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Liberty Media in the 4th quarter valued at about $109,000. LS Investment Advisors LLC acquired a new stake in shares of Liberty Media in the 4th quarter valued at about $110,000. Assetmark Inc. raised its stake in shares of Liberty Media by 16,878.9% in the 4th quarter. Assetmark Inc. now owns 3,226 shares of the company’s stock valued at $110,000 after purchasing an additional 3,207 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of Liberty Media by 361.9% in the 4th quarter. Glenmede Trust Co. NA now owns 3,829 shares of the company’s stock valued at $130,000 after purchasing an additional 3,000 shares in the last quarter. Finally, American International Group Inc. bought a new stake in shares of Liberty Media during the 4th quarter valued at about $134,000. Institutional investors and hedge funds own 92.03% of the company’s stock.
Liberty Media Company Profile
Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.
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