Zacks: Liberty Sirius XM Group Series C (NASDAQ:LSXMK) Given Consensus Rating of “Buy” by Analysts

Shares of Liberty Sirius XM Group Series C (NASDAQ:LSXMK) have received a consensus broker rating score of 1.50 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation. Liberty Sirius XM Group Series C’s rating score has declined by 20% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 1-year consensus price objective of $55.00 for the company and are predicting that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also given Liberty Sirius XM Group Series C an industry rank of 165 out of 256 based on the ratings given to its competitors.

LSXMK has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Liberty Sirius XM Group Series C from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 16th. Morgan Stanley restated an “overweight” rating and issued a $51.00 price target on shares of Liberty Sirius XM Group Series C in a research report on Friday, March 15th.

Large investors have recently modified their holdings of the stock. Massey Quick Simon & CO. LLC bought a new stake in Liberty Sirius XM Group Series C in the 1st quarter valued at about $25,000. Lindbrook Capital LLC bought a new stake in shares of Liberty Sirius XM Group Series C during the 4th quarter worth about $29,000. Baldwin Brothers Inc. MA bought a new stake in shares of Liberty Sirius XM Group Series C during the 4th quarter worth about $30,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Liberty Sirius XM Group Series C during the 4th quarter worth about $30,000. Finally, Advisory Alpha LLC bought a new stake in shares of Liberty Sirius XM Group Series C during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 80.51% of the company’s stock.

LSXMK stock traded up $0.60 during mid-day trading on Thursday, hitting $37.01. 498,699 shares of the company were exchanged, compared to its average volume of 762,630. The firm has a market cap of $7.80 billion, a P/E ratio of 18.41 and a beta of 1.22. Liberty Sirius XM Group Series C has a twelve month low of $34.84 and a twelve month high of $48.56.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). The business had revenue of $1.74 billion for the quarter. Equities research analysts predict that Liberty Sirius XM Group Series C will post 1.48 earnings per share for the current fiscal year.

About Liberty Sirius XM Group Series C

The Liberty SiriusXM Group, through its subsidiary, Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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