Liberty Media Corporation (NASDAQ:FWONK) had its target price lifted by research analysts at from $50.00 to $55.00 in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. ‘s target price would suggest a potential upside of 42.08% from the company’s previous close.
FWONK has been the topic of several other reports. J P Morgan Chase & Co began coverage on Liberty Media Corporation in a research note on Tuesday, October 3rd. They set a “neutral” rating and a $38.00 price objective on the stock. Morgan Stanley raised their price objective on Liberty Media Corporation from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded Liberty Media Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Bank of America Corporation assumed coverage on Liberty Media Corporation in a research note on Thursday, September 28th. They set a “buy” rating and a $45.00 target price on the stock. Finally, Barclays PLC lifted their target price on Liberty Media Corporation from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Liberty Media Corporation has a consensus rating of “Buy” and a consensus price target of $44.57.
Shares of Liberty Media Corporation (NASDAQ FWONK) traded up $1.88 during trading hours on Wednesday, reaching $38.71. The company’s stock had a trading volume of 2,577,049 shares, compared to its average volume of 1,265,540. Liberty Media Corporation has a fifty-two week low of $27.55 and a fifty-two week high of $41.14.
ILLEGAL ACTIVITY WARNING: “Increases Liberty Media Corporation (FWONK) Price Target to $55.00” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://stocknewstimes.com/2017/11/17/increases-liberty-media-corporation-fwonk-price-target-to-55-00.html.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FWONK. Vantage Investment Advisors LLC bought a new stake in shares of Liberty Media Corporation during the 2nd quarter worth $113,000. Massey Quick Simon & CO. LLC bought a new stake in Liberty Media Corporation in the 3rd quarter valued at about $161,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Liberty Media Corporation in the 2nd quarter valued at about $173,000. SG Americas Securities LLC bought a new stake in Liberty Media Corporation in the 2nd quarter valued at about $183,000. Finally, D.A. Davidson & CO. bought a new stake in Liberty Media Corporation in the 2nd quarter valued at about $188,000. Institutional investors own 79.74% of the company’s stock.
About Liberty Media Corporation
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.
Receive News & Ratings for Liberty Media Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Corporation and related companies with MarketBeat.com's FREE daily email newsletter.