Liberty Media Corp Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:LMCA)
Liberty Media Corp (NASDAQ:LMCA) has been given an average recommendation of “Buy” by the eighteen brokerages that are covering the company, AnalystRatingsNetwork reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $134.36.
Shares of Liberty Media Corp (NASDAQ:LMCA) opened at 46.50 on Wednesday. Liberty Media Corp has a 1-year low of $42.7784 and a 1-year high of $55.6126. The stock has a 50-day moving average of $47.72 and a 200-day moving average of $46.15. The company has a market cap of $15.949 billion and a P/E ratio of 23.13.
Several analysts have recently commented on the stock. Analysts at Wunderlich raised their price target on shares of Liberty Media Corp from $55.00 to $56.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Separately, analysts at National Alliance Securities raised their price target on shares of Liberty Media Corp from $64.69 to $74.08 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Finally, analysts at TheStreet downgraded shares of Liberty Media Corp to a “sell” rating in a research note on Tuesday, July 29th.
In other Liberty Media Corp news, major shareholder John C. Malone unloaded 199,414 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $47.64, for a total transaction of $9,500,082.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
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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