Liberty Sirius XM Group (LSXMA) Stock Rating Upgraded by 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 research note issued to investors on Wednesday. The brokerage currently has a $37.00 price objective on the stock. Zacks Investment Research’s price objective points to 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. “
Several other research firms also recently weighed in on LSXMA. Pivotal Research increased their price objective 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. Citigroup Inc. increased their price objective 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. Finally, 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 price objective for the company. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $40.68.
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Liberty Sirius XM Group (NASDAQ:LSXMA) traded down 0.28% during midday trading on Wednesday, reaching $32.62. 257,798 shares of the company were exchanged. The company’s market capitalization is $10.93 billion. Liberty Sirius XM Group has a 52-week low of $28.00 and a 52-week high of $36.01. The company has a 50 day moving average of $33.59 and a 200-day moving average of $32.85.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. British Columbia Investment Management Corp acquired a new position in Liberty Sirius XM Group during the second quarter valued at about $1,206,000. Seven Bridges Advisors LLC acquired a new position in Liberty Sirius XM Group during the second quarter valued at about $158,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Liberty Sirius XM Group during the second quarter valued at about $9,412,000. Commerzbank Aktiengesellschaft FI acquired a new position in Liberty Sirius XM Group during the second quarter valued at about $217,000. Finally, Aviva PLC acquired a new position in Liberty Sirius XM Group during the second quarter valued at about $1,745,000.
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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