Liberty Media Corporation (FWONK) Given Average Recommendation of “Buy” by Brokerages
Shares of Liberty Media Corporation (NASDAQ:FWONK) have been assigned an average recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $38.75.
A number of equities research analysts recently commented on FWONK shares. Zacks Investment Research upgraded Liberty Media Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Monday, October 23rd. Morgan Stanley upped their price objective on Liberty Media Corporation from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. JPMorgan Chase & Co. started coverage on Liberty Media Corporation in a report on Tuesday, October 3rd. They issued a “neutral” rating and a $38.00 price objective for the company. Finally, Bank of America Corporation started coverage on Liberty Media Corporation in a report on Thursday, September 28th. They issued a “buy” rating for the company.
Several institutional investors have recently made changes to their positions in FWONK. Vantage Investment Advisors LLC acquired a new position in shares of Liberty Media Corporation during the second quarter worth about $113,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Liberty Media Corporation during the second quarter worth about $173,000. SG Americas Securities LLC acquired a new position in shares of Liberty Media Corporation during the second quarter worth about $183,000. D.A. Davidson & CO. acquired a new position in shares of Liberty Media Corporation during the second quarter worth about $188,000. Finally, Beck Mack & Oliver LLC acquired a new position in shares of Liberty Media Corporation during the third quarter worth about $202,000. Institutional investors own 78.27% of the company’s stock.
Liberty Media Corporation (NASDAQ:FWONK) opened at 38.49 on Friday. The company has a 50 day moving average price of $38.96 and a 200-day moving average price of $35.85. The firm’s market cap is $8.28 billion. Liberty Media Corporation has a 52-week low of $26.44 and a 52-week high of $41.14.
About Liberty Media Corporation
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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