Live Nation Entertainment (NYSE:LYV) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.22 by 9 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Northcoast Research upgrades their rating on the shares of Live Nation Entertainment (NYSE:LYV). The current rating of the shares is Buy. 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) shares are expected to touch $30.43 in the short term. This short term price target has been shared by 7 analysts. However, the standard deviation of short term price estimate has been valued at 2.07. The target price could hit $34 on the higher end and $27 on the lower end.
Live Nation Entertainment (NYSE:LYV) witnessed a decline in the market cap on Tuesday as its shares dropped 1.47% or 0.35 points. After the session commenced at $23.83, the stock reached the higher end at $23.83 while it hit a low of $23.35. With the volume soaring to 927,806 shares, the last trade was called at $23.5. The company has a 52-week high of $29.68. The company has a market cap of $4,769 million and there are 202,926,820 shares in outstanding. The 52-week low of the share price is $18.77.
Shares of Live Nation Entertainment, Inc. rose by 0.64% in the last five trading days and 2.22% for the last 4 weeks. Live Nation Entertainment, Inc. is up 3.39% in the last 3-month period. Year-to-Date the stock performance stands at -4.35%.
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.