Zacks Investment Research downgraded shares of Liberty Media (NASDAQ:FWONK) from a hold rating to a sell rating in a research note released on Tuesday morning.

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. “

A number of other equities analysts have also recently weighed in on the company. raised their price objective on Liberty Media from $50.00 to $55.00 and gave the company a buy rating in a report on Wednesday, November 15th. Pivotal Research raised their price target on Liberty Media from $50.00 to $55.00 and gave the stock a buy rating in a research report on Wednesday, November 15th. Barclays raised their price target on Liberty Media from $33.00 to $35.00 and gave the stock an equal weight rating in a research report on Friday, November 10th. Morgan Stanley raised their price target on Liberty Media from $37.00 to $39.00 and gave the stock an equal weight rating in a research report on Friday, October 20th. Finally, JPMorgan Chase & Co. initiated coverage on Liberty Media in a research report on Tuesday, October 3rd. They set a neutral rating and a $38.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $44.57.

Liberty Media (NASDAQ:FWONK) opened at $34.18 on Tuesday. The firm has a market capitalization of $7,890.94, a PE ratio of -89.95 and a beta of 1.40. Liberty Media has a 1-year low of $27.55 and a 1-year high of $41.14.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vantage Investment Advisors LLC purchased a new position in Liberty Media during the second quarter valued at $113,000. Massey Quick Simon & CO. LLC purchased a new position in Liberty Media during the third quarter valued at $161,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Liberty Media during the second quarter valued at $173,000. SG Americas Securities LLC purchased a new position in Liberty Media during the second quarter valued at $183,000. Finally, D.A. Davidson & CO. purchased a new position in Liberty Media during the second quarter valued at $188,000. Institutional investors own 84.78% of the company’s stock.

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About Liberty Media

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.

Analyst Recommendations for Liberty Media (NASDAQ:FWONK)

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