Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Live Nation Entertainment (LYV) Share Price

Press coverage about Live Nation Entertainment (NYSE:LYV) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Live Nation Entertainment earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.5862917208095 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have effected Accern’s rankings:

A number of research firms have weighed in on LYV. Zacks Investment Research lowered shares of Live Nation Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Group LLC reaffirmed a “buy” rating and set a $42.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, September 12th. BidaskClub raised shares of Live Nation Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. J P Morgan Chase & Co reissued a “buy” rating on shares of Live Nation Entertainment in a research report on Wednesday, October 18th. Finally, William Blair assumed coverage on shares of Live Nation Entertainment in a research report on Friday, July 21st. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $40.86.

Live Nation Entertainment (LYV) opened at 42.26 on Friday. The firm has a 50-day moving average of $42.41 and a 200-day moving average of $37.19. The company has a market capitalization of $8.66 billion, a PE ratio of 6037.14 and a beta of 1.03. Live Nation Entertainment has a 52 week low of $26.41 and a 52 week high of $43.86.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Wednesday, August 9th. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.10. Live Nation Entertainment had a return on equity of 1.60% and a net margin of 0.25%. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the previous year, the firm earned $0.13 EPS. Live Nation Entertainment’s revenue was up 29.3% on a year-over-year basis. Equities analysts expect that Live Nation Entertainment will post $0.22 earnings per share for the current fiscal year.

In other news, insider Brian Capo sold 7,500 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the sale, the insider now owns 13,354 shares of the company’s stock, valued at approximately $540,837. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ariel Emanuel sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $41.56, for a total transaction of $415,600.00. Following the sale, the director now directly owns 85,737 shares of the company’s stock, valued at approximately $3,563,229.72. The disclosure for this sale can be found here. 4.77% of the stock is currently owned by insiders.

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About Live Nation Entertainment

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

Insider Buying and Selling by Quarter for Live Nation Entertainment (NYSE:LYV)

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