Zacks Investment Research upgraded shares of Liberty Media (NASDAQ:FWONK) from a hold rating to a strong-buy rating in a research report released on Tuesday. Zacks Investment Research currently has $35.00 price target on the stock.
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. “
Other equities research analysts also recently issued reports about the stock. ValuEngine raised shares of Liberty Media from a sell rating to a hold rating in a research note on Friday, May 4th. Barclays lowered their target price on shares of Liberty Media from $35.00 to $30.00 and set a hold rating on the stock in a research note on Monday, April 16th. Finally, Morgan Stanley raised shares of Liberty Media from an equal weight rating to an overweight rating and set a $39.00 target price on the stock in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $42.43.
Liberty Media opened at $30.79 on Tuesday, MarketBeat reports. Liberty Media has a 12 month low of $29.63 and a 12 month high of $30.09. The company has a market capitalization of $6.95 billion, a PE ratio of 21.19 and a beta of 1.48.
Liberty Media (NASDAQ:FWONK) last released its quarterly earnings data on Wednesday, May 9th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.85. The firm had revenue of $114.00 million during the quarter. analysts predict that Liberty Media will post -0.54 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in Liberty Media by 244.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 9,543,055 shares of the company’s stock valued at $325,990,000 after purchasing an additional 6,774,151 shares in the last quarter. BlackRock Inc. raised its stake in Liberty Media by 0.9% in the first quarter. BlackRock Inc. now owns 9,082,719 shares of the company’s stock valued at $280,202,000 after purchasing an additional 76,911 shares in the last quarter. Principal Financial Group Inc. raised its stake in Liberty Media by 0.7% in the first quarter. Principal Financial Group Inc. now owns 6,516,650 shares of the company’s stock valued at $201,038,000 after purchasing an additional 47,206 shares in the last quarter. American Century Companies Inc. raised its stake in Liberty Media by 341.9% in the first quarter. American Century Companies Inc. now owns 3,722,474 shares of the company’s stock valued at $114,838,000 after purchasing an additional 2,880,124 shares in the last quarter. Finally, Caledonia Private Investments Pty Ltd purchased a new position in shares of Liberty Media during the first quarter worth approximately $64,579,000. 88.18% of the stock is currently owned by institutional investors and hedge funds.
About Liberty Media
Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.
Get a free copy of the Zacks research report on Liberty Media (FWONK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Liberty Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media and related companies with MarketBeat.com's FREE daily email newsletter.