Liberty Media Corp (LMCA) was Downgraded by Deutsche Bank to ” Hold” while Lowering the Price Target of the company shares to $ 23 from a previous price target of $44 . Earlier the firm had a rating of “Buy ” on the company shares. Deutsche Bank advised their investors in a research report released on Jun 8, 2016.
Many Wall Street Analysts have commented on Liberty Media Corp. Shares were Reiterated by Wunderlich on May 31, 2016 to “Buy” and Lowered the Price Target to $ 22.50 from a previous price target of $49 .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 opened for trading at $20.12 and hit $20.18 on the upside on Tuesday, eventually ending the session at $20.115, with a gain of 0.27% or 0.055 points. The heightened volatility saw the trading volume jump to 2,78,325 shares. Company has a market cap of $6,736 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.