Live Nation Entertainment (LYV) is Upgraded by Northcoast to Buy

Live Nation Entertainment (LYV) was Upgraded by Northcoast to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Northcoast advised their investors in a research report released on May 2, 2016.

Many Wall Street Analysts have commented on Live Nation Entertainment. Live Nation Entertainment was Initiated by BTIG Research to “Neutral” on Mar 29, 2016.

On the company’s financial health, Live Nation Entertainment reported $-0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $-0.34. The company had revenue of $1812.00 million for the quarter, compared to analysts expectations of $1623.95 million. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.41 EPS.

Live Nation Entertainment closed down -0.19 points or -0.87% at $21.75 with 8,86,803 shares getting traded on Wednesday. Post opening the session at $21.93, the shares hit an intraday low of $21.588 and an intraday high of $22.05 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Nov 12, 2015, Jeffrey T. Hinson (director) sold 10,000 shares at $26.59 per share price. According to the SEC, on Nov 4, 2015, Randall Thomas Mays (director) sold 50,000 shares at $27.00 per share price. On Jun 11, 2015, Brian Capo (Chief Accounting Officer) sold 7,500 shares at $28.95 per share price, according to the Form-4 filing with the securities and exchange commission.

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 23000 events for over 2700 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.

Live Nation Entertainment

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