Analyst Rating Update on Live Nation Entertainment (LYV)

Live Nation Entertainment (NYSE:LYV) : 8 brokerage houses believe that Live Nation Entertainment (NYSE:LYV) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Live Nation Entertainment (NYSE:LYV). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.22.

Live Nation Entertainment (NYSE:LYV) : The consensus price target for Live Nation Entertainment (NYSE:LYV) is $30.43 for the short term with a standard deviation of $2.07. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $34, however, the pessimist price target for the company is $27.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Northcoast Research upgrades its rating on Live Nation Entertainment (NYSE:LYV). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 2, 2016.

Live Nation Entertainment (NYSE:LYV): stock turned positive on Tuesday. Though the stock opened at $22.44, the bulls momentum made the stock top out at $22.545 level for the day. The stock recorded a low of $22.2 and closed the trading day at $22.53, in the green by 1.26%. The total traded volume for the day was 2,051,656. The stock had closed at $22.25 in the previous days trading.

In an insider trading activity, Enloe Robert Ted Iii, director of Live Nation Entertainment, Inc., unloaded 5,363 shares at an average price of $23.54 on June 13, 2016. The total amount of the transaction was worth $126,245, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.