Liberty Media Corporation (LMCA) : The consensus price target for Liberty Media Corporation (LMCA) is $36.69 for the short term with a standard deviation of $14.72. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $54, however, the pessimist price target for the company is $19.
Liberty Media Corporation (LMCA) : 6 analysts are covering Liberty Media Corporation (LMCA) and their average rating on the stock is 1.67, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Major Brokerage house, Citigroup maintains its ratings on Liberty Media Corporation (NASDAQ:LMCA). In the latest research report, Citigroup raises the target price from $21 per share to $22 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 24, 2016.
Liberty Media Corporation (NASDAQ:LMCA): The stock opened at $21.36 on Thursday but the bulls could not build on the opening and the stock topped out at $21.58 for the day. The stock traded down to $21.10 during the day, due to lack of any buying support eventually closed down at $21.34 with a loss of -0.28% for the day. The stock had closed at $21.40 on the previous day. The total traded volume was 538,682 shares.
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 Companys 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. Atlanta National League Baseball Club, Inc. (ANLBC) owns and operates the Atlanta Braves Major League Baseball (MLB) franchise and five league baseball clubs. Live Nation Entertainment, Inc. (Live Nation) has four business segments: Concerts, Ticketing, Artist Nation and Sponsorship & Advertising.