Liberty Media (LSXMA) Rating Increased to Buy at Zacks Investment Research
Liberty Media (NASDAQ:LSXMA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $51.00 price target on the technology company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 10.27% from the stock’s previous close.
According to Zacks, “The Liberty SiriusXM Group provides satellite radio services consists of commercial-free music, sports, news, talk, entertainment, traffic and weather. The Liberty SiriusXM Group is based in United States. “
A number of other research analysts have also recently weighed in on LSXMA. Barclays lifted their price objective on Liberty Media from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Buckingham Research lifted their price objective on Liberty Media from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Macquarie reaffirmed a “buy” rating and set a $52.00 price objective on shares of Liberty Media in a research report on Sunday, February 4th. ValuEngine raised Liberty Media from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Gabelli reissued a “buy” rating on shares of Liberty Media in a research note on Monday, March 12th. Eleven analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $55.11.
Liberty Media (NASDAQ:LSXMA) last posted its quarterly earnings data on Wednesday, May 9th. The technology company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.13. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. equities analysts anticipate that Liberty Media will post 2.08 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Incline Global Management LLC bought a new stake in Liberty Media in the 4th quarter worth approximately $38,215,000. Millennium Management LLC increased its stake in Liberty Media by 1,794.7% in the 1st quarter. Millennium Management LLC now owns 505,799 shares of the technology company’s stock worth $20,788,000 after acquiring an additional 479,103 shares during the last quarter. HBK Investments L P bought a new stake in Liberty Media in the 4th quarter worth approximately $11,254,000. Cove Street Capital LLC bought a new stake in Liberty Media in the 1st quarter worth approximately $9,708,000. Finally, Athanor Capital LP increased its stake in Liberty Media by 132.7% in the 1st quarter. Athanor Capital LP now owns 370,000 shares of the technology company’s stock worth $15,207,000 after acquiring an additional 211,000 shares during the last quarter. 25.76% of the stock is currently owned by institutional investors.
Liberty Media Company Profile
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 Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.
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