Shares of Liberty Media Corporation (NASDAQ:FWONK) have earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $44.57.

FWONK has been the topic of several research reports. Zacks Investment Research upgraded shares of Liberty Media from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Monday, October 16th. Bank of America Corporation initiated 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 on the stock. increased their price target on shares of Liberty Media from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Pivotal Research increased their price target on shares of Liberty Media from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Barclays PLC increased their price target on shares of Liberty Media from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th.

Hedge funds have recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC acquired a new stake in Liberty Media during the second quarter worth approximately $623,000. Carnick & Kubik Group LLC acquired a new stake in Liberty Media during the second quarter worth approximately $330,000. Schwab Charles Investment Management Inc. acquired a new stake in Liberty Media during the second quarter worth approximately $11,139,000. Teacher Retirement System of Texas acquired a new stake in Liberty Media during the second quarter worth approximately $272,000. Finally, Rhumbline Advisers acquired a new stake in Liberty Media during the second quarter worth approximately $3,627,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Shares of Liberty Media (FWONK) traded down $0.17 during trading on Wednesday, reaching $38.86. 793,525 shares of the company’s stock were exchanged, compared to its average volume of 1,486,077. Liberty Media has a 12 month low of $27.55 and a 12 month high of $41.14.

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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.

Analyst Recommendations for Liberty Media (NASDAQ:FWONK)

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