Zacks Investment Research Upgrades Liberty Media Co. – Series A Liberty Formula One (FWONA) to Hold

Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “Liberty Media Corporation is engaged in media, communications and entertainment businesses through its subsidiaries and investments in publicly-traded companies. Liberty Media Corporation is based in Englewood, Colorado. “

How to Become a New Pot Stock Millionaire

Several other equities research analysts also recently weighed in on FWONA. FBN Securities raised Liberty Media Co. – Series A Liberty Formula One from a “sector perform” rating to a “buy” rating in a report on Monday, December 11th. Morgan Stanley raised Liberty Media Co. – Series A Liberty Formula One from an “equal” rating to a “weight” rating in a report on Tuesday, January 30th. ValuEngine downgraded Liberty Media Co. – Series A Liberty Formula One from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Finally, Citigroup reissued a “buy” rating and issued a $44.00 price objective on shares of Liberty Media Co. – Series A Liberty Formula One in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Liberty Media Co. – Series A Liberty Formula One currently has a consensus rating of “Hold” and a consensus price target of $41.57.

Shares of FWONA opened at $28.39 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $6,673.09, a P/E ratio of 23.46 and a beta of 1.44. Liberty Media Co. – Series A Liberty Formula One has a 52-week low of $27.22 and a 52-week high of $39.37.

Liberty Media Co. – Series A Liberty Formula One (NASDAQ:FWONA) last announced its quarterly earnings results on Thursday, March 1st. The company reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $2.03. The firm had revenue of $570.00 million during the quarter, compared to the consensus estimate of $565.00 million. Liberty Media Co. – Series A Liberty Formula One had a return on equity of 1.19% and a net margin of 14.30%. sell-side analysts predict that Liberty Media Co. – Series A Liberty Formula One will post -0.63 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can acquired a new stake in shares of Liberty Media Co. – Series A Liberty Formula One during the third quarter worth $105,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Liberty Media Co. – Series A Liberty Formula One during the second quarter worth $105,000. SG Americas Securities LLC lifted its holdings in shares of Liberty Media Co. – Series A Liberty Formula One by 132.5% during the fourth quarter. SG Americas Securities LLC now owns 15,074 shares of the company’s stock worth $493,000 after purchasing an additional 8,590 shares during the period. Archon Partners LLC lifted its holdings in shares of Liberty Media Co. – Series A Liberty Formula One by 13.3% during the fourth quarter. Archon Partners LLC now owns 17,000 shares of the company’s stock worth $556,000 after purchasing an additional 2,000 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of Liberty Media Co. – Series A Liberty Formula One during the fourth quarter worth $622,000. 10.09% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Zacks Investment Research Upgrades Liberty Media Co. – Series A Liberty Formula One (FWONA) to Hold” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/04/08/zacks-investment-research-upgrades-liberty-media-co-series-a-liberty-formula-one-fwona-to-hold.html.

Liberty Media Co. – Series A Liberty Formula One 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).

Get a free copy of the Zacks research report on Liberty Media Co. – Series A Liberty Formula One (FWONA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Liberty Media Co. - Series A Liberty Formula One (NASDAQ:FWONA)

Receive News & Ratings for Liberty Media Co. - Series A Liberty Formula One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Co. - Series A Liberty Formula One and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply