Liberty Media Corp Price Target Increased to $185.00 by Analysts at Pivotal Research (LMCA)
Equities researchers at Pivotal Research boosted their price objective on shares of Liberty Media Corp (NASDAQ:LMCA) from $166.00 to $185.00 in a research report issued on Tuesday. Pivotal Research’s price target indicates a potential upside of 34.71% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Telsey Advisory Group initiated coverage on shares of Liberty Media Corp in a research note on Wednesday, July 9th. They set a “not rated” rating and a $160.00 price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Liberty Media Corp in a research note on Monday, July 7th. They now have a $172.00 price target on the stock, up previously from $165.00. Finally, analysts at Morgan Stanley upgraded shares of Liberty Media Corp from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 2nd. They now have a $158.00 price target on the stock. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $161.37.
Liberty Media Corp (NASDAQ:LMCA) traded down 0.10% on Tuesday, hitting $137.19. 79,324 shares of the company’s stock traded hands. Liberty Media Corp has a one year low of $122.56 and a one year high of $159.33. The stock’s 50-day moving average is $133.0 and its 200-day moving average is $132.4. The company has a market cap of $15.684 billion and a P/E ratio of 21.88. Liberty Media Corp also saw a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 1,370,732 shares, a drop of 27.2% from the June 13th total of 1,882,386 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 706,406 shares, the days-to-cover ratio is currently 1.9 days.
Liberty Media Corp (NASDAQ:LMCA) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.82 by $0.63. Analysts expect that Liberty Media Corp will post $2.37 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.