Live Nation Entertainment (NYSE:LYV): 7 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $30.43 in Live Nation Entertainment (NYSE:LYV). However, the stock price could fluctuate by $ 2.07 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $34 price target with the lower price estimate is calculated at $27
Many analysts have stated their opinion on the company shares. Major Brokerage house, Northcoast Research upgrades its ratings on Live Nation Entertainment (NYSE:LYV). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hinson Jeffrey T., director of Live Nation Entertainment, Inc., had unloaded 10,000 shares at an average price of $26.59 in a transaction dated on November 9, 2015. The total value of the transaction was worth $265,900.
Live Nation Entertainment (NYSE:LYV) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.39 points or 1.65% at $23.29 with 1,167,015 shares getting traded. Post opening the session at $23.54, the shares hit an intraday low of $23.285 and an intraday high of $23.77 and the price was in this range throughout the day. The company has a market cap of $4,726 million and the number of outstanding shares have been calculated to be 202,926,820 shares. The 52-week high of Live Nation Entertainment (NYSE:LYV) is $29.68 and the 52-week low is $18.77.
Live Nation Entertainment, Inc. (Live Nation) is a live entertainment company. The Company core businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. The Company operates through four segments: segments are Concerts, Ticketing, Artist Nation and Sponsorship & Advertising. It connects around 519 million fans across its platforms in 33 countries. The Company is a producer of live music concerts around the world that connects nearly 59 million fans to almost 23,000 events for over 2,700 artists. The Concerts segment is involved in the global promotion of live music events. The Ticketing segment is primarily an agency business that sells tickets for events. The Artist Nation segment is a provider of management services to music artists. The Sponsorship & Advertising segment, through a sales force, creates and maintains relationships with sponsors to allow businesses to reach customers.