Liberty Media Corp Upgraded by Evercore Partners to Overweight (LMCA)
A number of other analysts have also recently weighed in on LMCA. Analysts at Barclays cut their price target on shares of Liberty Media Corp from $59.00 to $57.00 in a research note on Wednesday. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $134.21.
Liberty Media Corp (NASDAQ:LMCA) opened at 46.75 on Thursday. Liberty Media Corp has a 1-year low of $42.7784 and a 1-year high of $55.6126. The stock’s 50-day moving average is $47.73 and its 200-day moving average is $46.1. The company has a market cap of $48.106 billion and a P/E ratio of 23.32. Liberty Media Corp also was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 1,934,428 shares, a growth of 65.6% from the July 15th total of 1,168,371 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average trading volume of 1,301,987 shares, the days-to-cover ratio is presently 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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