Liberty Media Corp (LMCA) is Reiterated by Wunderlich to Buy, Lowers Price Target to $ 22.50

Liberty Media Corp (LMCA) was Reiterated by Wunderlich to “Buy” while Lowering the Price Target of the company shares to $ 22.50 from a previous price target of $49 . Wunderlich advised their investors in a research report released on May 31, 2016.

Many Wall Street Analysts have commented on Liberty Media Corp. Liberty Media Corp was Initiated by Macquarie to “Outperform” on May 6, 2016. Liberty Media Corp was Downgraded by Buckingham Research to ” Neutral” on Apr 20, 2016. Liberty Media Corp was Initiated by Morgan Stanley to “Equal-Weight” on Apr 19, 2016.

Liberty Media Corp opened for trading at $19.65 and hit $19.935 on the upside on Friday, eventually ending the session at $19.83, with a gain of 1.12% or 0.22 points. The heightened volatility saw the trading volume jump to 4,43,956 shares. Company has a market cap of $6,641 M.

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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