Liberty Sirius XM Group (LSXMA) Raised to Buy at Zacks Investment Research
Liberty Sirius XM Group (NASDAQ:LSXMA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a $37.00 price target on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 13.43% from the company’s current price.
According to Zacks, “The Liberty SiriusXM Group provides satellite radio services consists of commercial-free music, sports, news, talk, entertainment, traffic and weather. The Liberty SiriusXM Group is based in United States. “
A number of other research firms have also issued reports on LSXMA. Telsey Advisory Group assumed coverage on Liberty Sirius XM Group in a report on Tuesday, July 12th. They issued an “outperform” rating and a $39.52 target price on the stock. Pivotal Research raised their target price on Liberty Sirius XM Group from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, September 30th. Finally, Citigroup Inc. raised their target price on Liberty Sirius XM Group from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 24th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $40.68.
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Shares of Liberty Sirius XM Group (NASDAQ:LSXMA) traded down 0.28% on Wednesday, reaching $32.62. The company had a trading volume of 257,798 shares. The firm’s market capitalization is $10.93 billion. The company’s 50-day moving average is $33.59 and its 200 day moving average is $32.85. Liberty Sirius XM Group has a 12 month low of $28.00 and a 12 month high of $36.01.
Several institutional investors have recently bought and sold shares of LSXMA. IBM Retirement Fund bought a new position in Liberty Sirius XM Group during the second quarter valued at approximately $652,000. Manchester Capital Management LLC bought a new position in Liberty Sirius XM Group during the second quarter valued at approximately $102,000. Selz Capital LLC bought a new position in Liberty Sirius XM Group during the second quarter valued at approximately $2,352,000. Palladium Partners LLC bought a new position in Liberty Sirius XM Group during the second quarter valued at approximately $269,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Liberty Sirius XM Group during the second quarter valued at approximately $314,000.
Liberty Sirius XM Group Company Profile
Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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