Liberty Media Corp Price Target Cut to $57.00 (LMCA)
Barclays lowered their target price on shares of Liberty Media Corp (NASDAQ:LMCA) from $59.00 to $57.00 in a research note issued on Wednesday. Barclays’ target price suggests a potential upside of 22.55% from the company’s current price.
LMCA has been the subject of a number of other recent research reports. 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $134.21.
Liberty Media Corp (NASDAQ:LMCA) opened at 46.51 on Wednesday. Liberty Media Corp has a one year low of $42.7784 and a one year high of $55.6126. The stock’s 50-day moving average is $47.72 and its 200-day moving average is $46.11. The company has a market cap of $47.859 billion and a price-to-earnings ratio of 23.39. Liberty Media Corp also was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 1,934,428 shares, an increase of 65.6% from the July 15th total of 1,168,371 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,301,987 shares, the short-interest ratio is currently 1.5 days.
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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