Liberty Media Corp (LMCA) is Downgraded by Buckingham Research to Neutral

Liberty Media Corp (LMCA) was Downgraded by Buckingham Research to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Buckingham Research advised their investors in a research report released on Apr 20, 2016.

Many Wall Street Analysts have commented on Liberty Media Corp. Liberty Media Corp was Initiated by Morgan Stanley to “Equal-Weight” on Apr 19, 2016. FBR Capital Resumed Liberty Media Corp on Apr 19, 2016 to “Outperform”, Price Target of the shares are set at $23.BofA/Merrill Initiated Liberty Media Corp on Apr 6, 2016 to “Buy”, Price Target of the shares are set at $49.

Liberty Media Corp closed down -20.03 points or -51.28% at $19.03 with 37,81,504 shares getting traded on Monday. Post opening the session at $27.43, the shares hit an intraday low of $18.77 and an intraday high of $27.43 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 23, 2016, Christopher W Shean (Chief Financial Officer) sold 10,613 shares at $37.34 per share price. According to the SEC, on Mar 7, 2016, Richard N Baer (Chief Legal Officer) sold 69,578 shares at $37.12 per share price. On Aug 20, 2015, Malcolm Ian Grant Gilchrist (director) sold 671 shares at $38.03 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.

Liberty Media Corp

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