Live Nation Entertainment Upgraded at Northcoast Research (LYV)
Live Nation Entertainment (NYSE:LYV) was upgraded by investment analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Live Nation Entertainment (NYSE:LYV) opened at 21.96 on Tuesday. Live Nation Entertainment has a 52 week low of $16.70 and a 52 week high of $25.28. The stock has a 50-day moving average of $22.51 and a 200-day moving average of $22.59. The company’s market cap is $4.375 billion.
Live Nation Entertainment (NYSE:LYV) last released its earnings data on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts predict that Live Nation Entertainment will post $-0.01 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Live Nation Entertainment presently has an average rating of “Buy” and a consensus price target of $25.38.
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.
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