Liberty Media Corp. Shs -A- Rating Increased to Buy at Wunderlich (LMCA)
Liberty Media Corp. Shs -A- (NASDAQ:LMCA) was upgraded by stock analysts at Wunderlich from a “hold” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $170.00 price objective on the stock. Wunderlich’s price objective points to a potential upside of 16.98% from the company’s current price.
Shares of Liberty Media Corp. Shs -A- (NASDAQ:LMCA) traded down 1.66% during mid-day trading on Monday, hitting $142.92. 1,176,290 shares of the company’s stock traded hands. Liberty Media Corp. Shs -A- has a one year low of $101.00 and a one year high of $159.33. The stock has a 50-day moving average of $147.8 and a 200-day moving average of $144.0. The company has a market cap of $16.327 billion and a price-to-earnings ratio of 2.11.
Liberty Media Corp. Shs -A- (NASDAQ:LMCA) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.00 earnings per share (EPS) for the quarter. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.13 billion. Analysts expect that Liberty Media Corp. Shs -A- will post $68.74 EPS for the current fiscal year.
LMCA has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. downgraded shares of Liberty Media Corp. Shs -A- from a “buy” rating to a “neutral” rating in a research note to investors on Monday. They now have a $160.00 price target on the stock, down previously from $190.00. Separately, analysts at Buckingham Research initiated coverage on shares of Liberty Media Corp. Shs -A- in a research note to investors on Thursday, December 19th. They set a “neutral” rating on the stock. Finally, analysts at Zacks downgraded shares of Liberty Media Corp. Shs -A- from an “outperform” rating to an “underperform” rating in a research note to investors on Tuesday, December 17th. They now have a $133.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $175.58.
Liberty Media Corporation, formerly Liberty Spinco, Inc, incorporated on August 10, 2012, focuses on the media, communications and entertainment industries through its ownership of interests in subsidiaries and other companies.
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