Live Nation Entertainment (NYSE:LYV) Getting Favorable News Coverage, Accern Reports
News articles about Live Nation Entertainment (NYSE:LYV) have trended positive this week, Accern reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Live Nation Entertainment earned a daily sentiment score of 0.29 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.9145471074014 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Live Nation Entertainment, Inc. (LYV) Announces Earnings Results, Beats Expectations By $0.10 EPS (americanbankingnews.com)
- Live Nation Entertainment, Inc. (LYV) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Jefferies Group Weighs in on Live Nation Entertainment, Inc.’s Q3 2017 Earnings (LYV) (americanbankingnews.com)
- William Blair Analysts Boost Earnings Estimates for Live Nation Entertainment, Inc. (LYV) (americanbankingnews.com)
- Live Nation Ente Shares Up 32.8% Since SmarTrend’s Buy Recommendation (LYV) (mysmartrend.com)
A number of analysts have recently issued reports on the company. Stephens reaffirmed an “overweight” rating and issued a $44.00 price target (up from $36.00) on shares of Live Nation Entertainment in a research note on Thursday. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research note on Friday. Zacks Investment Research lowered Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $33.00 price target on shares of Live Nation Entertainment in a research note on Monday, April 24th. Finally, William Blair assumed coverage on Live Nation Entertainment in a research note on Friday, July 21st. They issued an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Live Nation Entertainment presently has an average rating of “Buy” and a consensus target price of $38.75.
Live Nation Entertainment (NYSE LYV) traded down 3.21% during trading on Friday, reaching $38.34. The company’s stock had a trading volume of 5,064,054 shares. The company has a 50 day moving average price of $36.13 and a 200-day moving average price of $32.55. The company has a market capitalization of $7.90 billion, a PE ratio of 9585.00 and a beta of 1.00. Live Nation Entertainment has a 52 week low of $25.56 and a 52 week high of $42.20.
Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.37 billion. Live Nation Entertainment had a return on equity of 1.61% and a net margin of 0.25%. Live Nation Entertainment’s revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. Equities research analysts anticipate that Live Nation Entertainment will post $0.19 earnings per share for the current year.
In other news, CFO Elizabeth Kathleen Willard sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $34.86, for a total transaction of $697,200.00. Following the sale, the chief financial officer now owns 286,216 shares in the company, valued at $9,977,489.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Ted Enloe III sold 6,337 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $35.82, for a total value of $226,991.34. Following the sale, the director now owns 23,450 shares in the company, valued at approximately $839,979. The disclosure for this sale can be found here. 4.77% of the stock is owned by company insiders.
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About Live Nation Entertainment
Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.
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