Liberty Media Corporation (NASDAQ:FWONK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The firm presently has a $45.00 price target on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 14.83% from the stock’s previous close.

According to Zacks, “Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses through their operating subsidiaries and investments in various publicly-traded companies. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, as well as infotainment services on a subscription fee basis through its satellite radio systems; provides next-generation connected vehicle applications and services; streams music and non-music channels over the Internet; sells satellite and Internet radios to consumers through Website and retailers; and offers other ancillary services, such as weather, traffic, data, and Backseat television services. Liberty Media Corporation is headquartered in Englewood, Colorado. “

Several other research analysts also recently commented on the stock. Bank of America Corporation started coverage on shares of Liberty Media Corporation in a research report on Thursday, September 28th. They issued a “buy” rating on the stock. Morgan Stanley raised their price target on shares of Liberty Media Corporation from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, J P Morgan Chase & Co started coverage on shares of Liberty Media Corporation in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $38.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $38.75.

Liberty Media Corporation (NASDAQ:FWONK) traded down 3.04% on Monday, reaching $39.19. The company had a trading volume of 1,187,413 shares. The firm’s market capitalization is $8.43 billion. Liberty Media Corporation has a 52-week low of $26.44 and a 52-week high of $41.14. The stock’s 50-day moving average price is $38.93 and its 200 day moving average price is $35.79.

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Several institutional investors have recently modified their holdings of FWONK. Vantage Investment Advisors LLC acquired a new position in Liberty Media Corporation in the second quarter valued at about $113,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Liberty Media Corporation in the second quarter valued at about $173,000. SG Americas Securities LLC acquired a new position in Liberty Media Corporation in the second quarter valued at about $183,000. D.A. Davidson & CO. acquired a new position in Liberty Media Corporation in the second quarter valued at about $188,000. Finally, Neuberger Berman Group LLC acquired a new position in Liberty Media Corporation in the second quarter valued at about $206,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Liberty Media Corporation Company Profile

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.

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Analyst Recommendations for Liberty Media Corporation (NASDAQ:FWONK)

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