Citigroup Upgrades Liberty Ventures to Buy with Price Target $45.00

Brokerage firm Citigroup Upgrades its rating on Liberty Ventures(NASDAQ:LVNTA). In a research note issued to the investors, the brokerage major Raises the price-target to $45.00 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Citigroup was issued on Jun 9, 2016.

In a different note, Pivotal Research said it Initiates Coverage on Liberty Ventures, according to a research note issued on Jun 8, 2016. The shares have been rated ‘Buy’ by the firm.

Liberty Ventures (LVNTA) shares turned negative on Wednesdays trading session with the shares closing down -0.19 points or -0.51% at a volume of 7,86,231. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.22. The peak price level was also seen at $37.22 while the days lowest was $36.66. Finally the shares closed at $36.86. The 52-week high of the shares is $45.3899 while the 52-week low is $32.35. According to the latest information available, the market cap of the company is $22,966 M.

Liberty Interactive Corporation (Liberty) owns interests in subsidiaries and other companies which are engaged in the video and on-line commerce industries. Through its subsidiaries and affiliates the Company operates in North America Europe and Asia. Its businesses and assets include its consolidated subsidiaries QVC Inc. (QVC) Inc. (Backcountry) LLC (Bodybuilding) CommerceHub and Evite Inc. (Evite) and its equity affiliates Expedia Inc. (Expedia) HSN Inc. (HSN) FTD Companies Inc. (FTD) Interval Leisure Group Inc. (Interval Leisure Group) and LendingTree Inc. (LendingTree). QVC markets and sells a variety of consumer products through live televised shopping and via its Websites and other media including Backcountry is an e-retailer for outdoor adventure cycling action sports and motorcycle gear and clothing. Bodybuilding is an Internet retailer of sports fitness and nutritional supplements.

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