Share on StockTwits

Live Nation Entertainment (NYSE:LYV) has been given a consensus rating of “Buy” by the eight analysts that are currently covering the stock, AnalystRatings.Net reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $25.90.

Live Nation Entertainment (NYSE:LYV) traded up 3.05% during mid-day trading on Tuesday, hitting $22.63. 415,041 shares of the company’s stock traded hands. Live Nation Entertainment has a 52 week low of $16.70 and a 52 week high of $25.28. The stock’s 50-day moving average is $22.51 and its 200-day moving average is $22.59. The company’s market cap is $4.508 billion.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.05. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the company posted $0.30 earnings per share. Live Nation Entertainment’s revenue was down .8% compared to the same quarter last year. On average, analysts predict that Live Nation Entertainment will post $-0.01 earnings per share for the current fiscal year.

A number of research firms have recently commented on LYV. Analysts at Northcoast Research upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research note on Tuesday. They now have a $28.00 price target on the stock. Separately, analysts at Maxim Group cut their price target on shares of Live Nation Entertainment from $29.00 to $27.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Live Nation Entertainment in a research note on Tuesday, July 15th. They now have a $28.00 price target on the stock, up previously from $26.00.

Live Nation Entertainment, Inc (NYSE:LYV) is a live entertainment company connecting more than 250 million fans across all of our platforms to over 180,000 events in approximately 47 countries.

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.