Liberty Media Corporation (NASDAQ:FWONK) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $35.33.
A number of research analysts have recently issued reports on FWONK shares. Zacks Investment Research upgraded Liberty Media Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Bank of America Corporation started coverage on Liberty Media Corporation in a report on Thursday, September 28th. They issued a “buy” rating on the stock. Finally, J P Morgan Chase & Co started coverage on Liberty Media Corporation in a report on Tuesday, October 3rd. They issued a “neutral” rating and a $38.00 price target on the stock.
Liberty Media Corporation (NASDAQ FWONK) traded down 0.69% during midday trading on Tuesday, hitting $40.45. The stock had a trading volume of 3,092,433 shares. The company’s 50 day moving average price is $38.23 and its 200-day moving average price is $35.30. The stock’s market cap is $7.56 billion. Liberty Media Corporation has a 52-week low of $26.44 and a 52-week high of $41.13.
Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Liberty Media Corporation in the 2nd quarter valued at $1,737,000. Raffles Associates LP purchased a new position in Liberty Media Corporation during the 2nd quarter worth $327,000. Nomura Holdings Inc. purchased a new position in Liberty Media Corporation during the 2nd quarter worth $461,000. California State Teachers Retirement System purchased a new position in Liberty Media Corporation during the 2nd quarter worth $4,973,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Liberty Media Corporation during the 2nd quarter worth $530,000. Institutional investors and hedge funds own 78.23% of the company’s stock.
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Liberty Media Corporation Company Profile
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.
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