Wunderlich Downgrades Liberty Media Corp to Hold with Price Target $31.00

Brokerage firm Wunderlich Downgrades its rating on Liberty Media Corp(NASDAQ:LMCA). In a research note issued to the investors, the brokerage major Raises the price-target to $31.00 per share. The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Wunderlich was issued on Sep 26, 2016.

In a different note, On Sep 13, 2016, Citigroup said it Upgrades its rating on Liberty Media Corp. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 24, 2016, Citigroup said it Maintains its rating on Liberty Media Corp. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Neutral’ by the firm.

Liberty Media Corp (LMCA) made into the market gainers list on Thursdays trading session with the shares advancing 1.18% or 0.35 points. Due to strong positive momentum, the stock ended at $30.02, which is also near the day’s high of $30.11. The stock began the session at $29.92 and the volume stood at 5,87,273 shares. The 52-week high of the shares is $30.04 and the 52 week low is $17.72. The company has a current market capitalization of $2,513 M and it has 8,37,24,960 shares in outstanding.

Liberty Media Corp(LMCA) last announced its earnings results on Aug 5, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.04. Analysts had estimated an EPS of $-0.32.

Several Insider Transactions has been reported to the SEC. On Aug 30, 2016, David E Rapley (director) sold 1,225 shares at $16.63 per share price.Also, On Aug 29, 2016, John C Malone (director officer 10% owner (Chairman of the Board) sold 200,428 shares at $32.71 per share price.On Mar 23, 2016, Christopher W Shean (Chief Financial Officer) sold 10,613 shares at $37.34 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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