Brokerages Set $35.00 Price Target for Liberty Media Corporation (FWONK)
Shares of Liberty Media Corporation (NASDAQ:FWONK) have earned an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus target price of $35.00 for the company and are anticipating that the company will post ($0.37) EPS for the current quarter, according to Zacks. Zacks has also given Liberty Media Corporation an industry rank of 173 out of 265 based on the ratings given to its competitors.
Several analysts have recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $35.00 target price (up previously from $29.00) on shares of Liberty Media Corporation in a research report on Thursday, June 1st. Zacks Investment Research raised Liberty Media Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Barclays PLC began coverage on Liberty Media Corporation in a report on Tuesday, May 23rd. They set an “equal weight” rating and a $33.00 price objective for the company.
Several hedge funds have recently made changes to their positions in the company. First Eagle Investment Management LLC purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at about $1,879,000. Gamco Investors INC. ET AL purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at about $9,422,000. Comerica Bank purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at about $537,000. Legal & General Group Plc purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at about $1,579,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Liberty Media Corporation during the second quarter valued at about $25,337,000. Institutional investors and hedge funds own 68.76% of the company’s stock.
Liberty Media Corporation (NASDAQ:FWONK) traded up 2.78% during trading on Monday, reaching $35.15. The company had a trading volume of 2,460,589 shares. Liberty Media Corporation has a 52-week low of $20.77 and a 52-week high of $37.18. The stock’s market cap is $7.10 billion. The company has a 50-day moving average price of $34.53 and a 200 day moving average price of $33.85.
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Liberty Media Corporation Company Profile
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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