Liberty Media (LSXMK) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Liberty Media (NASDAQ:LSXMK) from a sell rating to a hold rating in a report released on Saturday morning.

According to Zacks, “The Liberty SiriusXM Group provides satellite radio services consists of commercial-free music, sports, news, talk, entertainment, traffic and weather. The Liberty SiriusXM Group is based in United States. “

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LSXMK has been the topic of a number of other reports. Morgan Stanley lifted their price objective on Liberty Media from $44.00 to $45.00 and gave the stock an equal weight rating in a research report on Monday, February 5th. ValuEngine lowered Liberty Media from a strong-buy rating to a buy rating in a research report on Monday, April 2nd.

Shares of LSXMK stock opened at $40.84 on Friday. The company has a market capitalization of $9,132.60, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.80 and a beta of 1.88. Liberty Media has a fifty-two week low of $36.11 and a fifty-two week high of $46.24.

Liberty Media (NASDAQ:LSXMK) last issued its quarterly earnings data on Thursday, March 1st. The technology company reported $2.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $2.03. The business had revenue of $1.40 billion during the quarter. equities research analysts anticipate that Liberty Media will post 2.09 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Liberty Media by 105.1% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,286 shares of the technology company’s stock valued at $170,000 after purchasing an additional 2,196 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Liberty Media during the fourth quarter valued at approximately $199,000. Wayne Hummer Investments L.L.C. bought a new stake in shares of Liberty Media during the fourth quarter valued at approximately $208,000. Virtu Financial LLC bought a new stake in shares of Liberty Media during the fourth quarter valued at approximately $208,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Liberty Media during the third quarter valued at approximately $222,000. Institutional investors own 79.84% of the company’s stock.

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Liberty Media Company Profile

Liberty Media Corp. engages in the operation and ownership of various media, communications, and entertainment businesses. Its businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group, and the Formula One Group. It provides equipment and technology that deliver location-based services to wireless users.

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