Liberty Media Corp. (LMCA) Upgraded to Buy by Citigroup Inc.

liberty-media-corp-lmca-upgraded-to-buy-by-citigroup-inc.gif

Liberty Media Corp. (NASDAQ:LMCA) was upgraded by equities research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, The Fly reports.
Several other research firms have also recently issued reports on LMCA. Pivotal Research assumed coverage on shares of Liberty Media Corp. in a research note on Tuesday. They set a “buy” rating and a $35.00 target price on the stock. FBR & Co reiterated a “buy” rating and issued a $25.00 price objective on shares of Liberty Media Corp. in a research note on Thursday, September 8th. Zacks Investment Research cut shares of Liberty Media Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Wunderlich increased their price objective on shares of Liberty Media Corp. from $22.50 to $25.50 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Deutsche Bank AG cut shares of Liberty Media Corp. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $44.00 to $23.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $37.13.
Liberty Media Corp. (NASDAQ:LMCA) opened at 24.03 on Tuesday. The firm has a 50-day moving average of $21.88 and a 200-day moving average of $21.78. Liberty Media Corp. has a 1-year low of $17.72 and a 1-year high of $29.65.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/13/liberty-media-corp-lmca-upgraded-to-buy-by-citigroup-inc-2.html

In other Liberty Media Corp. news, Chairman John C. Malone sold 121,100 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $33.09, for a total transaction of $4,007,199.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John C. Malone sold 200,428 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $32.71, for a total transaction of $6,555,999.88. Following the sale, the chairman now directly owns 16,164,220 shares of the company’s stock, valued at $528,731,636.20. The disclosure for this sale can be found here. Company insiders own 13.10% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in Liberty Media Corp. by 3.7% in the first quarter. Geode Capital Management LLC now owns 713,883 shares of the company’s stock worth $27,566,000 after buying an additional 25,158 shares during the period. State Street Corp raised its position in Liberty Media Corp. by 7.4% in the first quarter. State Street Corp now owns 1,895,461 shares of the company’s stock worth $73,219,000 after buying an additional 130,672 shares during the period. Compagnie Odier SCA acquired a new position in Liberty Media Corp. during the fourth quarter worth $1,153,000. TIAA CREF Investment Management LLC raised its position in Liberty Media Corp. by 6.5% in the first quarter. TIAA CREF Investment Management LLC now owns 279,814 shares of the company’s stock worth $10,809,000 after buying an additional 17,081 shares during the period. Finally, Teachers Advisors Inc. raised its position in Liberty Media Corp. by 5.1% in the first quarter. Teachers Advisors Inc. now owns 110,116 shares of the company’s stock worth $4,254,000 after buying an additional 5,362 shares during the period. 24.54% of the stock is owned by institutional investors and hedge funds.
About Liberty Media Corp.
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).

Receive News & Ratings for Liberty Media Corp. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Liberty Media Corp. and related companies with MarketBeat.com’s FREE daily email newsletter.

Be the first to comment on "Liberty Media Corp. (LMCA) Upgraded to Buy by Citigroup Inc."

Leave a comment

Your email address will not be published.

*