Zacks Investment Research downgraded shares of Liberty Media (NASDAQ:FWONK) from a buy rating to a hold rating in a research report report published on Tuesday, December 5th.
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. “
Other analysts have also issued reports about the stock. J P Morgan Chase & Co began coverage on shares of Liberty Media in a research note on Tuesday, October 3rd. They set a neutral rating and a $38.00 price objective for the company. Barclays increased their price target on shares of Liberty Media from $33.00 to $35.00 and gave the stock an equal weight rating in a research report on Friday, November 10th. Morgan Stanley increased their price target on shares of Liberty Media from $37.00 to $39.00 and gave the stock an equal weight rating in a research report on Friday, October 20th. Bank of America began coverage on shares of Liberty Media in a research report on Thursday, September 28th. They issued a buy rating and a $45.00 price target for the company. Finally, Pivotal Research increased their price target on shares of Liberty Media from $50.00 to $55.00 and gave the stock a buy rating in a research report on Wednesday, November 15th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $44.57.
Hedge funds have recently made changes to their positions in the business. Vantage Investment Advisors LLC acquired a new stake in shares of Liberty Media in the second quarter worth $113,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Liberty Media in the third quarter worth $161,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Liberty Media in the second quarter worth $173,000. SG Americas Securities LLC acquired a new stake in shares of Liberty Media in the second quarter worth $183,000. Finally, D.A. Davidson & CO. acquired a new stake in Liberty Media during the second quarter worth $188,000. Institutional investors own 84.78% of the company’s stock.
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About Liberty Media
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.
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